Molybdenum Market Update - March 11, 2025

Molybdenum market update on March 11, 2025

The domestic molybdenum market is exhibiting an overall stable yet slightly weak pattern, primarily characterized by a slight decline in the price focus of many products and low enthusiasm among traders for market participation. Today, the prices of molybdenum concentrate, molybdenum iron, and ammonium tetramolybdate have decreased by approximately 50 yuan/ton-degree, 2,000 yuan/ton, and 1,000 yuan/ton, respectively.

In the molybdenum concentrate market, transaction price is hovering around 3,420 yuan/ton-degree. Influenced by declining steel tender prices and falling international molybdenum prices, many suppliers have shown an increased willingness to sell at reduced prices. Recently, the sales price of molybdenum concentrate from a molybdenum mine in Heilongjiang ranged between 3,400 yuan/ton-degree and 3,420 yuan/ton-degree.

In the molybdenum iron market, the overall trend remains under pressure. Although steel companies such as Guangdong Shaogang, Dongfang Special Steel, and China First Heavy Industries have successively entered the market to tender for molybdenum iron, and the selling price of molybdenum concentrate has slightly decreased, these factors are still insufficient to offset the negative impact of strong price suppression by steel enterprises. As a result, intermediate smelting companies find it difficult to raise their quotations.

In the molybdenum chemical and product market, a wait-and-see sentiment prevails, with limited transactions. The prices of molybdates and molybdenum products have declined due to the falling prices of raw materials. Today, the prices of ammonium heptamolybdate and molybdenum powder are approximately 225,000 yuan/ton and 410 yuan/kg, respectively.

According to data from the China Iron and Steel Association, in late February 2025, the steel inventory of key monitored steel enterprises stood at 16.31 million tons, a decrease of 420,000 tons or 2.5% compared to the previous ten-day period. Compared to the beginning of the year, it increased by 3.94 million tons, up 31.9%; compared to the same period last month, it rose by 960,000 tons, up 6.3%; compared to the same period last year, it decreased by 1.71 million tons, down 9.5%; and compared to the same period two years ago, it fell by 1.11 million tons, down 6.4%. Regionally, steel inventories increased by 110,000 tons in North China, 320,000 tons in Northwest China, and 140,000 tons in Southwest China, while they decreased by 420,000 tons in Northeast China, 260,000 tons in East China, and 310,000 tons in Central-South China.

Price of molybdenum products on March 11, 2025

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