Molybdenum Market - January 13, 2025

Details: Category: Tungsten's News; Published on Monday, 13 January 2025 17:37

At the beginning of the week, the domestic molybdenum market remained in a stalemate, with traders showing moderate enthusiasm for market operations and negotiations being somewhat active, resulting in a slow increase in orders.

Supply Side:

Due to factors such as high production costs and significant production challenges, some molybdenum manufacturers have reduced output.

Demand Side:

With the approach of the Spring Festival holiday, certain steel enterprises have shown higher enthusiasm for restocking. However, their lower bidding prices for ferromolybdenum products have increased operational pressures on ferromolybdenum manufacturers.

Current Prices:

Molybdenum Oxide: ~3,700 CNY/metric ton unit

Ferromolybdenum: ~233,000 CNY/ton

Molybdenum Bars: ~460 CNY/kg

Market News:

According to the National Bureau of Statistics, in January 2024, the producer price index (PPI) and purchase price index (PPI) for industrial goods both declined by 2.3% year-on-year, with the rate of decline narrowing by 0.2 percentage points compared to the previous month. Month-on-month, both indices fell by 0.1%. For the entire year of 2024, the PPI and purchase price index for industrial goods dropped by 2.2%, with the declines narrowing by 0.8 and 1.4 percentage points respectively compared to the previous year.

Prices of molybdenum products on January 13, 2024

molybdenum price image