Molybdenum Powder Prices - January 7, 2025

The domestic molybdenum market continues to remain in a state of stalemate, with traders generally maintaining rigid transactions amid the interplay of bullish and bearish factors, resulting in limited growth in order volume.

In the molybdenum concentrate market, sentiment remains largely cautious. With molybdenum iron traders showing moderate enthusiasm for inquiries and procurement, transaction prices are generally below 3,600 yuan/metric ton unit. Recently, a mine in Yunnan sold 40-45% molybdenum concentrate at 3,562 yuan/metric ton unit.

In the ferro-molybdenum market, trading activity is relatively strong, mainly due to the year-end atmosphere prompting many steel companies to actively restock. For example, Tonggang Co., Ltd. plans to procure approximately 3 tons of ferro-molybdenum on January 8.

In the molybdenum chemical and product market, prices are primarily influenced by supply and demand dynamics. Currently, the prices of sodium molybdate, molybdenum powder, and molybdenum rods are stable at approximately 164,000 yuan/ton, 425 yuan/kg, and 460 yuan/kg, respectively.

Market news: According to data from the China Iron and Steel Association (CISA), China exported 9.279 million tons of steel in November 2024, down 17.0% month-on-month, while importing 473,000 tons, down 11.7% month-on-month. From January to November, China’s cumulative steel exports totaled 101.152 million tons, up 22.4% year-on-year, while cumulative steel imports reached 6.194 million tons, down 11.7% year-on-year.

Prices of molybdenum products on December 7, 2024

Picture of MoSi2 heating elements 

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