Ferromolybdenum prices rise sharply in China, raising stainless steel costs
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Update time : 2025-04-24 15:42:56
Recently, the price of ferromolybdenum in the Chinese market has been rising sharply, and the market is reluctant to sell, so the short-term trend is still strong. The main reason is the tight circulation of molybdenum concentrates. Some production areas are subject to environmental restrictions, resulting in limited supply. Smelters have intended to hold up prices.
In addition, ferromolybdenum is an important alloy raw material for stainless steel production, and the resilience of demand appears during the current replenishment cycle. Meanwhile, the industrial metal market is affected by the uncertainty of the US tariff policy, and traders' demand for safe-haven purchases has increased, further boosting the activity of ferromolybdenum transactions.
On the other hand, the operating rate of Chinese stainless steel plants remains high, which supports demand and also contributes to the price rise of ferronickel.
