Chinese Molybdenum Prices - January 3, 2025

This week, Chinese molybdenum prices have remained relatively stable, with no significant shifts in the overall market focus. 

Current prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder are approximately 3,600 RMB/ton unit, 233,000 RMB/ton, and 425 RMB/kg, respectively.

In the molybdenum concentrate market, operations remain steady. With downstream users primarily making demand-driven purchases and sellers showing strong price support tendencies, transaction volumes are moderate.

In the ferromolybdenum market, trading activity has been positive. After the New Year holiday, steel companies have gradually resumed tendering for ferromolybdenum, though tender prices remain relatively low.

In the molybdenum chemical and product market, activity continues to be lukewarm, with traders maintaining a cautious and wait-and-see attitude.

Relevant Updates

According to data from the China Iron and Steel Association, from January to November 2024:

The value-added output of the machinery industry continued to grow, with most product categories showing year-on-year increases in production.

Export value of electromechanical products totaled 13.7 trillion RMB, marking an 8.4% year-on-year increase, accounting for 59.5% of total exports. Most exported products saw year-on-year volume growth.

In November, production of key machinery industry products showed mixed trends:

Output of excavators, industrial robots, and metal-cutting machine tools continued to grow.

The decline in production of metal smelting equipment narrowed.

Production of large tractors saw a greater decrease, while cement-specific equipment reversed its decline and showed growth.

Prices of molybdenum products on January 3, 2024

Picture of molybdenum wire 

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