Molybdenum Market Update - April 3, 2025

Molybdenum market update on April 3, 2025

This week, the overall trend of domestic molybdenum prices showed no significant fluctuations. Influenced by numerous uncertainties, intense price negotiations between supply and demand sides have resulted in low market trading activity and limited actual transaction volumes.

Positive Factors:

Downstream Industry Demand: Robust growth in industries such as construction, military, and new energy vehicles has increased demand for molybdenum iron in downstream sectors, prompting steel companies to actively procure molybdenum iron.

Cost Support: Compared to the beginning of 2025, current molybdenum product prices remain relatively low, providing strong cost support and benefiting suppliers’ pricing strategies.

Steel Price Increases: Recent rises in steel prices have positively influenced the tender prices for molybdenum iron. Today, the prices of 201/2B stainless steel coils and 304/2B stainless steel coils increased by approximately 60 yuan and 53 yuan, respectively.

Negative Factors:

Price Surge Concerns: Since late March, the rapid pace of price increases for mainstream molybdenum products has heightened caution among downstream users, dampening their willingness to purchase at elevated levels.

Technological Advancements: Advances in science and technology have significantly improved the production efficiency and speed of molybdenum manufacturers, exerting a suppressive effect on price increases for molybdenum products.

News Update: On April 3, 2025, the United States announced the imposition of so-called "reciprocal tariffs" on its trading partners. The tariffs include 34% on China, 20% on the European Union, 10% on Brazil and the United Kingdom, 31% on Switzerland, 26% on India, 25% on South Korea, 24% on Japan, 32% on Indonesia, and 36% on Thailand.

Price of molybdenum products on April 3, 2025

White molybdenum wire picture

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