Molybdenum Market - June 3, 2025

Molybdenum market update on June 3, 2025

At the start of the week, the domestic molybdenum market maintained a high-level volatile trend.

Against the backdrop of limited spot supply and relatively high current molybdenum product prices, negotiations between supply and demand sides appeared somewhat deadlocked, leading to a slowdown in price increases. Currently, industry players are closely monitoring the bidding volume and price trends of steel enterprises. Recently, steel companies such as Xinyu Iron and Steel, Deyang Erzhong, Xichang Steel Vanadium, Jiangsu Pohang, Nanjing Iron and Steel, and Henan Zhongyuan Special Steel have entered the market to bid for ferromolybdenum.

According to data from the American Iron and Steel Institute, in April 2025, U.S. steel imports totaled 2.073 million net tons (NT), down 17.1% month-on-month and 26% year-on-year. Of this, finished steel imports amounted to 1.607 million net tons (NT), down 11.8% month-on-month. From January to April 2025, U.S. steel imports reached 9.886 million net tons, a 4.4% decrease year-on-year, with semi-finished steel imports totaling 7.363 million net tons, down 5.1% year-on-year.

Price of molybdenum products on June 3, 2025

Image of molybdenum-copper heat sink plate

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