Molybdenum Market - June 5, 2025

Molybdenum market update on June 5, 2025

The domestic molybdenum market continues to exhibit a strong upward trend, fueled by the combined effects of supply and demand, fostering a bullish market sentiment.

On the supply side, signs of tightening molybdenum concentrate availability are becoming evident, injecting significant upward price momentum. On the demand side, downstream industries maintain a steady performance, with consistent rigid demand for molybdenum products. Against this backdrop, molybdenum mining companies have taken the lead in raising their quoted prices, effectively boosting confidence in price increases across the entire supply chain, with other molybdenum suppliers following suit. Currently, industry players are closely monitoring the volume and price performance of steel tenders, as these are expected to guide future market trends. On June 5, the transaction price for molybdenum concentrate from a mine in Jiangxi was 3,865 yuan/ton-unit.

According to CTIA GROUP LTD, many molybdenum product prices have reached their highest levels this year. Specifically, molybdenum concentrate is priced at 3,860 yuan/ton-unit, which has increased by approximately 7.22% since the beginning of the year and by 18.77% from the year’s lowest price; ferromolybdenum is at 250,000 yuan/ton, increased by about 7.30% since the beginning of the year and by 20.19% from the year’s lowest price; molybdenum oxide is at 3,950 yuan/ton-unit, increased by about 6.76% since the beginning of the year and by 17.21% from the year’s lowest price; sodium molybdate is at 171,000 yuan/ton, increased by about 4.27% since the beginning of the year and by 11.04% from the year’s lowest price; ammonium tetramolybdate is at 234,000 yuan/ton, increased by about 4.46% since the beginning of the year and by 10.38% from the year’s lowest price; ammonium heptamolybdate is at 239,000 yuan/ton, increased by about 4.82% since the beginning of the year and by 10.65% from the year’s lowest price; molybdenum powder is at 442 yuan/kg, increased by about 4.00% since the beginning of the year and by 11.06% from the year’s lowest price; and molybdenum bars are at 475 yuan/kg, increased by about 3.26% since the beginning of the year and by 9.20% from the year’s lowest price.

According to the China Iron and Steel Association, in late May 2025, the social inventory of five major steel varieties across 21 cities totaled 7.94 million tons, a decrease of 390,000 tons or 4.7% month-on-month. Compared to the beginning of the year, inventory increased by 1.35 million tons, or 20.5%, while it decreased by 2.67 million tons, or 25.2%, compared to the same period last year. Regionally, social steel inventories rose month-on-month in South China and Northeast China, while other regions saw varying degrees of decline, with Southwest China recording the largest inventory reduction and North China the largest percentage drop.

Price of molybdenum products on June 5, 2025

Image of molybdenum copper rod

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