Chinese Molybdenum Market - January 15, 2025

Details: Category: Tungsten's News; Published on Wednesday, 15 January 2025 14:56

The Chinese molybdenum market remains stable, with supply and demand relatively balanced and no significant positive developments in the market. Trading sentiment is somewhat stagnant, leading to average transaction levels. Market participants are focused on when the current stalemate might end.

Positive factors include the steady operation of the steel market as the year-end approaches. Steel companies have shown high enthusiasm for bidding on ferromolybdenum, providing significant support to suppliers' confidence in maintaining prices. Additionally, recent cold weather and stricter environmental policies have led to a slight reduction in production among some molybdenum manufacturers.

Negative factors include a weak international molybdenum market, with slight price declines for molybdenum oxide and European ferromolybdenum, which hinder price increases in the domestic market. The global economic situation remains complex, and downstream users are offering lower prices for molybdenum products.

According to customs data, China exported 9.727 million tons of steel in December 2024, an increase of 449,000 tons from the previous month, representing a month-on-month growth of 4.8%. Steel imports reached 621,000 tons, an increase of 148,000 tons from the previous month, up 31.3% month-on-month. For the year 2024, China imported 6.815 million tons of steel, down 10.9% year-on-year, while steel exports totaled 110.716 million tons, up 22.7% year-on-year.

Prices of molybdenum products on January 15, 2024

molybdenum price image