Molybdenum Market Update - March 19, 2025

Molybdenum market update on March 19, 2025

The domestic molybdenum market has generally maintained a weak trend, with intense price negotiations between buyers and sellers amid the interplay of positive and negative factors. Suppliers are strongly inclined to hold back sales to support prices, while buyers continue to exert downward pressure on prices. Under these circumstances, market transactions remain limited, and industry participants show slightly insufficient confidence in the market outlook.

In the molybdenum concentrate market, the trading atmosphere is average. Although downstream demand is not particularly high, suppliers’ willingness to lower prices and sell has generally weakened due to strong support from production costs and the difficulty in increasing spot supply in the market. In the molybdenum iron market, operations remain under pressure overall. The combination of increased steel procurement volumes with reduced prices and the recent significant decline in molybdenum concentrate prices has made it challenging for intermediate smelting companies to set quotes. Recently, Zhongnan Shares plans to procure 30 tons of molybdenum iron, with delivery scheduled before April 5. In the molybdenum chemical and product market, a strong wait-and-see sentiment prevails. With end customers largely maintaining rigid demand and the decline in raw material prices gradually narrowing, most holders of inventory are quoting prices more rationally.

According to data released by the National Bureau of Statistics, from January to February 2025, China’s crude steel output was 166.30 million tons, a year-on-year decrease of 1.5%; pig iron output was 140.75 million tons, down 0.5% year-on-year; and steel product output reached 224.09 million tons, up 4.7% year-on-year.

Price of molybdenum products on March 19, 2025

Molybdenum copper sheet picture

Follow our WeChat to know the latest tungsten price, information and market analysis.

• Next >