Molybdenum Market - June 18, 2025

Molybdenum market update on June 18, 2025

The domestic molybdenum market continues to operate steadily, with a balance of bullish and bearish factors leading to intense price negotiations between buyers and sellers. 

This has resulted in product prices fluctuating within a reasonable range, while trading volumes remain moderate.

In the molybdenum concentrate market, conditions are somewhat chaotic. With steel tender prices and downstream demand declining compared to earlier periods, confidence in price support among some molybdenum mining companies has wavered. However, tight spot market supplies have prompted some suppliers to tentatively raise their quotes again.

The ferromolybdenum market remains generally firm, though high raw material costs and steel company bids (around 244,000 yuan/ton) are creating challenges for intermediate smelting firms, limiting their profit margins. Recently, steel companies bidding for ferromolybdenum include Jiangsu Yonggang (30 tons), Hengyang Huaxin Steel Pipe (120 tons), Nanjing Steel (90 tons), and Anhui Maanshan Steel (240 tons).

In the molybdenum chemical and product market, a cautious atmosphere prevails. With terminal customers primarily purchasing as needed and raw material markets holding steady, holders are maintaining rational pricing. Today, the prices for ammonium tetramolybdate and molybdenum powder are approximately 234,000 yuan/ton and 442 yuan/kg, respectively.

In related news, according to the National Bureau of Statistics, in May 2025, China’s crude steel production was 86.55 million tons, down 6.9% year-on-year; pig iron production was 74.11 million tons, down 3.3% year-on-year; and steel product output was 127.43 million tons, up 3.4% year-on-year. For January to May 2025, crude steel production totaled 431.63 million tons, down 1.7% year-on-year; pig iron production was 362.74 million tons, down 0.1% year-on-year; and steel product output reached 605.82 million tons, up 5.2% year-on-year.

Price of molybdenum products on June 18, 2025

Image of molybdenum copper sheet

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