Molybdenum Market Update - April 16, 2025

Molybdenum market update on April 16, 2025

The domestic molybdenum market as a whole continues to operate in a weak manner, mainly manifested in the continuous decline of the prices of mainstream molybdenum products, the low enthusiasm of both suppliers and demanders to enter the market for operations, and the small actual trading volume.

However, supported by production costs, the decline in product prices has narrowed. Today, the prices of molybdenum concentrate, ferromolybdenum and molybdenum powder are approximately 3,250 yuan per ton-degree, 208,000 yuan per ton and 398 yuan per kilogram respectively. It is worth mentioning that recently, affected by the continuous decline in steel procurement prices and high production costs, the profit margins of ferromolybdenum manufacturers are relatively small.

According to customs data, in March 2025, China imported 501,000 tons of steel, a month-on-month decrease of 49,000 tons, a drop of 8.9%; imported 93.974 million tons of iron ore, a month-on-month decrease of 237,000 tons, a decline of 0.3%; exported 10.456 million tons of steel, a month-on-month increase of 2.42 million tons, a growth of 30.1%, and a year-on-year increase of 568,000 tons, a growth of 5.7%.

Price of molybdenum products on April 16, 2025

Image of molybdenum copper alloy sheet

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