Molybdenum Market Update - May 20, 2025

Molybdenum market update on May 20, 2025

The domestic molybdenum market continues to operate steadily, with product prices showing minimal changes and transaction volumes at an average level, driven by a relatively balanced supply-demand dynamic and no significant policy announcements. Industry participants are currently focusing on the shipment trends of molybdenum mining companies and the pricing and volume performance of steel mill tenders.

In the molybdenum concentrate market, a stalemate persists, with limited downstream demand and low willingness from suppliers to offer discounts, resulting in transaction prices hovering around 3,530 yuan/ton-degree. In the ferromolybdenum market, a dilemma prevails: low-priced supply is hard to procure, and steel tender prices are difficult to increase, making it challenging for intermediate smelting companies to quote prices and maintain profit margins. Recently, the lackluster rise in steel prices has been a key factor preventing steel companies from raising ferromolybdenum bids. Today, prices for rebar, hot-rolled coil, and 201/2B stainless steel coil have decreased by approximately 17 yuan, 20 yuan, and 20 yuan, respectively. In the molybdenum chemicals and products market, a strong wait-and-see sentiment dominates, with terminal customers' rigid demand showing little improvement and upstream markets maintaining firm pricing, leading to stable prices for molybdates, molybdenum powder, and molybdenum bars with no significant fluctuations.

According to the National Bureau of Statistics, in April, the total value of goods imports and exports reached 3.8391 trillion yuan, a year-on-year increase of 5.6%. Exports amounted to 2.2645 trillion yuan, up 9.3%, while imports were 1.5745 trillion yuan, up 0.8%. From January to April, the total value of goods imports and exports was 14.1389 trillion yuan, a year-on-year increase of 2.4%. Exports during this period reached 8.3938 trillion yuan, up 7.5%, while imports were 5.7452 trillion yuan, down 4.2%. From January to April, general trade imports and exports grew by 0.6%, accounting for 64.0% of the total trade volume. Electromechanical product exports increased by 9.5%, making up 60.1% of total exports.

Price of molybdenum products on May 20, 2025

Molybdenum copper alloy picture

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