Molybdenum Market Update - May 19, 2025

Molybdenum market update on May 19, 2025

At the beginning of the week, the domestic molybdenum market in China maintained stable operations, with a mix of bullish and bearish factors creating a slightly stalemated negotiation atmosphere between buyers and sellers.

This has led to product prices fluctuating within a reasonable range and limited actual transaction volumes. Today, molybdenum concentrate and ferromolybdenum prices are approximately 3,530 yuan/ton-degree and 230,000 yuan/ton, respectively. On the positive side, strong production cost support, gradual consumption by steel companies, and a relatively tight spot supply have encouraged suppliers to maintain firm quotes with little willingness to offer discounts. On the negative side, the current high prices of molybdenum products and limited liquidity among downstream users are key reasons for the subdued inquiry and purchasing enthusiasm.

According to CCTV, in the first quarter of this year, the proportion of low-carbon steel production rose rapidly to 28.6%, an increase of 7.1 percentage points compared to the same period last year. As of April 20, 2025, 141 steel companies have completed full ultra-low emission upgrades, covering approximately 591 million tons of crude steel capacity, while 47 companies have partially completed upgrades, involving about 169 million tons of capacity. In terms of clean steel production, the nation has cumulatively phased out 300 million tons of outdated steel capacity by last year, with over 45% of crude steel capacity having undergone ultra-low emission upgrades, significantly reducing pollutant emissions by more than 75% for major pollutants like particulate matter and sulfur dioxide.

Price of molybdenum products on May 19, 2025

Molybdenum copper sheet picture

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