Molybdenum Market Update - March 31, 2025

Molybdenum market update on March 31, 2025

At the beginning of the week, the domestic molybdenum market as a whole maintained a sideways operation, mainly reflected in the fact that the prices of most products have not changed significantly and traders have basically maintained rigid transactions.

Today, the prices of molybdenum concentrate, ferromolybdenum and ammonium heptamolybdate are about 3,400 yuan/ton, 222,000 yuan/ton and 219,000 yuan/ton, respectively. According to China Tungsten Online, affected by the volatile rise in molybdenum prices last week and the current high price of molybdenum products, downstream users are more cautious in consumption, and the market demand is more limited as the month is about to change. Recently, steel companies that have entered the bidding for ferromolybdenum include Erzhong Equipment, China First Heavy, Henan Zhongyuan Special Steel, Zhongtian Steel, Lingyuan Steel, etc.

In terms of news, China's imports of molybdenum products in January-February 2025 were 13,775.79 tons, a year-on-year increase of 38.95%; the import amount was 1.936 billion yuan, a year-on-year increase of 46.83%. During the same period, China's exports of molybdenum products were 6,511.45 tons, up 1.74% year-on-year; the export value was 1.365 billion yuan, down 5.74% year-on-year.

Price of molybdenum products on March 31, 2025

Molybdenum block picture

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