Molybdenum Market - August 27, 2025

Molybdenum market update on August 27, 2025

The domestic molybdenum market is exhibiting a high-level consolidation trend, influenced by a mix of bullish and bearish factors. This has led to a somewhat stalemated negotiation atmosphere between buyers and sellers, resulting in low market trading activity and limited transaction volumes. Today, the prices of molybdenum concentrate and molybdenum oxide both decreased by approximately 50 yuan per ton-unit.

In the molybdenum concentrate market, the sentiment is generally subdued. With weakening downstream demand and current molybdenum concentrate prices being relatively attractive, some suppliers are showing higher initiative to ship goods. Recently, the transaction price for 50% molybdenum concentrate from molybdenum mines in Heilongjiang and Jilin has fallen back to the 4,470-4,500 yuan per ton-unit range.

In the ferromolybdenum market, the overall trend remains under pressure. However, supported by strong production costs and a recent rise in stainless steel prices, intermediate smelting enterprises are maintaining firm quotes. Today, the prices of 201/2B stainless steel coils and 316/2B stainless steel coils increased by approximately 80 yuan per ton and 40 yuan per ton, respectively.

In the molybdenum chemical and product markets, a strong wait-and-see attitude prevails. Product prices are primarily influenced by supply-demand dynamics. With end customers mainly procuring on an as-needed basis and holders showing low willingness to reduce prices, the prices of molybdates, molybdenum powder, and molybdenum bars have shown no significant changes.

In terms of news, according to data from the China Iron and Steel Association, in mid-August 2025, key statistical steel enterprises produced 21.15 million tons of crude steel, with an average daily output of 211.5 million tons, increased by 2.0% day-on-day; 19.24 million tons of pig iron, with an average daily output of 192.4 million tons, increased by 0.5% day-on-day; and 20.49 million tons of steel products, with an average daily output of 204.9 million tons, increased by 2.2% day-on-day. Based on this, it is estimated that the national daily crude steel output for this period was 2.68 million tons, increased by 0.1% ring-wise; daily pig iron output was 2.32 million tons, decreased by 0.7% ring-wise; and daily steel product output was 4.17 million tons, increased by 1.0% ring-wise.

Price of molybdenum products on August 27, 2025

Molybdenum sheet picture

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