Molybdenum Market Update - May 6, 2025

Molybdenum market update on May 6, 2025

The domestic molybdenum market maintained a generally positive trend. On the first trading day after the May Day holiday, many traders had not yet fully resumed normal operations, resulting in lower market activity and limited price increases.

Today, prices for molybdenum concentrate, molybdenum iron, and ammonium heptamolybdate rose to approximately 3,470 yuan/ton-degree, 227,000 yuan/ton, and 223,000 yuan/ton, respectively. According to CTIA GROUP LTD, during the May Day period, international molybdenum oxide and European molybdenum iron prices fluctuated within a reasonable range.

According to the China Iron and Steel Association, in late April 2025, the social inventory of five major steel categories in 21 cities totaled 8.85 million tons, down 430,000 tons or 4.6% from the previous period, marking five consecutive ten-day periods of decline. Compared to the beginning of the year, inventories increased by 2.26 million tons, up 34.3%; compared to the same period last year, they decreased by 3.14 million tons, down 26.2%. Regionally, social steel inventories decreased across all seven major regions except for a slight increase in the Northeast, with East China recording the largest absolute reduction and South China the largest percentage decline.

Price of molybdenum products on May 6, 2025

Picture of molybdenum strip

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