Molybdenum Market - June 24, 2025

Molybdenum market update on June 24, 2025

The domestic molybdenum market as a whole showed a bearish operation trend. Under the interweaving of multiple long and short factors, the price game between buyers and sellers was fierce: the sellers' sentiment of reluctant to sell and maintaining prices remained high, and the buyers' willingness to press prices did not weaken. In this context, the growth rate of market orders tended to be gentle.

In the molybdenum concentrate market, product prices showed no obvious fluctuations, and the quotation range remained at 3,830-3,870 yuan/ton-degree, which was mainly attributed to the low willingness of molybdenum mining enterprises to reduce prices for shipment and the fact that molybdenum iron manufacturers basically purchased on demand.

In the molybdenum iron market, the overall performance was poor. Although most steel enterprises still maintained the enthusiasm for molybdenum iron bidding, under the double squeeze of high production costs and low steel bidding prices, the profit margin of intermediate smelting enterprises was small, and some enterprises even faced loss pressure. According to CTIA GROUP LTD, the recent decline in steel prices was one of the reasons why steel enterprises offered low prices for molybdenum iron. Today, the prices of rebar and 304/2B stainless steel coils decreased by about 10 yuan and 100 yuan respectively.

In the molybdenum chemical and its products market, the wait-and-see atmosphere in the market was strong. With the high operation of raw material prices and limited incremental terminal demand, goods holders generally maintained a rational pricing strategy. Today, the prices of sodium molybdate and molybdenum powder were about 171,000 yuan/ton and 440 yuan/kg respectively.

In terms of news, customs data showed that in May 2025, China's import volume of molybdenum products was 4,982.40 tons, decreasing by 40.30% month-on-month and 29.19% year-on-year; the import amount was 726 million yuan, decreasing by 41.70% month-on-month and 23.34% year-on-year. In the same period, China's export volume of molybdenum products was 3,955.67 tons, decreasing by 0.50% month-on-month and increasing by 25.60% year-on-year; the export amount was 800 million yuan, decreasing by 1.61% month-on-month and increasing by 11.19% year-on-year.

Price of molybdenum products on June 24, 2025

Image of molybdenum copper rod

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