Chinese Molybdenum Prices - January 24, 2025

Chinese molybdenum prices have been fluctuating within a narrow range, with a subdued trading atmosphere and limited transaction volumes as traders show low enthusiasm for market operations. 

According to data from China Tungsten Online, the primary reasons for reduced trading activity include the approaching Lunar New Year holiday, with downstream users having mostly completed their procurement plans, and some molybdenum manufacturers beginning to suspend production for the holiday. Additionally, the recent declines in international molybdenum oxide and European ferro-molybdenum prices have significantly dampened domestic trading sentiment. Recent buyers of ferro-molybdenum through tenders include Fushun Special Steel, HeYe Technology, Shanxi Taigang, Jiangsu Posco, and Jiangsu Nangang.

On the news front, data from the Stainless Steel Association shows that in 2024, China's crude stainless steel output reached 39.4411 million tons, an increase of 7.54% year-on-year. Among these, Cr-Ni steel (300 series) production reached 20.2914 million tons, up 9.57%, with its share rising by 0.95 percentage points to 51.45%. Cr steel (400 series) production totaled 7.1747 million tons, up 10.73%, with its share rising by 0.52 percentage points to 18.19%. Cr-Mn steel (200 series) production was 11.5633 million tons, up 2.48%, but its share decreased by 1.45 percentage points to 29.32%. Duplex stainless steel production reached 411,693 tons, an increase of 4.66%, accounting for 1.04% of the total.

Prices of molybdenum products on January 24, 2025

Picture of molybdenum electrode 

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