Molybdenum Market - July 10, 2025

Molybdenum market update on July 10, 2025

The domestic molybdenum market is holding steady at high levels.

Following a significant price surge for molybdenum products yesterday, raw material traders’ confidence in further price increases has weakened, with many adopting a wait-and-see approach. Meanwhile, downstream users are exercising caution toward high prices, leading to more conservative purchasing behavior. CTIA GROUP LTD views this as a normal market adjustment, suggesting that the trading sector needs time to digest the impact of recent price fluctuations.

In the molybdenum concentrate market, transaction prices range between 4,020 and 4,065 yuan/ton-degree. Supported by tight spot supply, a continued upward trend in international molybdenum prices, and optimistic expectations for the value of strategic mineral resources, suppliers maintain strong confidence in stable pricing. In the ferro-molybdenum market, a supply-demand tug-of-war persists. Although ferro-molybdenum prices rose noticeably yesterday, driven by rising molybdenum concentrate prices, the slow follow-through of steel tender prices has led some intermediate smelting companies to pause their quotes. In the molybdenum chemical and product markets, supply and demand remain relatively balanced. However, influenced by rising raw material costs in recent days, prices of molybdates and molybdenum powder are holding at high levels.

News highlights: According to the China Iron and Steel Association, in late June 2025, the steel inventory of key monitored steel enterprises reached 15.45 million tons, decreased by 760,000 tons from the previous ten-day period (a 4.7% drop); increased by 3.08 million tons compared to the beginning of the year (a 24.9% rise); increased by 150,000 tons compared to the same period last month (a 1.0% rise); increased by 760,000 tons compared to the same period last year (a 5.2% rise); and increased by 670,000 tons compared to the same period two years ago (a 4.5% rise). By region: steel inventory in Northeast China decreased by 370,000 tons; North China decreased by 140,000 tons; East China decreased by 190,000 tons; Southwest China decreased by 10,000 tons; Central South China decreased by 200,000 tons; and Northwest China increased by 140,000 tons.

Price of molybdenum products on July 10, 2025

Molybdenum electrode picture

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