Molybdenum Market - September 2, 2025

Molybdenum market update on September 2, 2025

The domestic molybdenum price continues to maintain a favorable upward trend. Influenced by unresolved tight spot market supply, decent downstream inquiry and procurement enthusiasm, and a relatively strong international molybdenum market, suppliers generally hold a strong reluctance to sell with bullish expectations.

Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate increased by approximately 10 yuan per ton-unit, 1,000 yuan per ton, and 2,000 yuan per ton, respectively.

In the molybdenum concentrate market, trading activity remains moderate. With traders largely maintaining rigid transactions, product transaction prices hover around 4,580 yuan per ton-unit. It is reported that China’s molybdenum concentrate output decreased month-on-month in August, and according to short-term market forecasts, a recovery in production faces certain obstacles, making it unlikely to return to previous levels in the near term.

In the ferromolybdenum market, the overall trend remains under pressure. With high raw material costs and difficulty in raising steel tender prices, intermediate smelting enterprises face significant risks of cost-benefit mismatches. To mitigate this, ferromolybdenum quotes have recently shown a continuous slight upward adjustment. Recently, steel companies such as Maanshan Iron & Steel, Oriental Special Steel, Nanjing Iron & Steel, Shougang (Jingtang) Ferromolybdenum, and Hengyang Valin Steel Tube have entered the market to bid for ferromolybdenum.

In the molybdenum chemical and product markets, with end customers primarily procuring on an as-needed basis and holders showing low willingness to reduce prices, product prices are fluctuating within a reasonable range. Today, the prices of ammonium tetramolybdate and molybdenum powder were approximately 272,000 yuan per ton and 515 yuan per kilogram, respectively.

In terms of news, according to the World Steel Association, the crude steel production of the 70 countries/regions included in its statistics reached 150.1 million tons in July 2025, decreased by 1.3% year-on-year. Among them, Africa’s crude steel production was 1.9 million tons, decreased by 2.0% year-on-year; crude steel production in Asia and Oceania countries/regions was 110.4 million tons, decreased by 1.9% year-on-year; the EU (27 countries) crude steel production was 10.2 million tons, decreased by 7.0% year-on-year; other European countries’ crude steel production was 3.6 million tons, increased by 2.6% year-on-year; Middle East crude steel production was 4.4 million tons, increased by 27.7% year-on-year; North America’s crude steel production was 9.4 million tons, increased by 5.8% year-on-year; Russia and other CIS countries plus Ukraine’s crude steel production was 6.7 million tons, decreased by 5.1% year-on-year; South America’s crude steel production was 3.6 million tons, decreased by 4.5% year-on-year.

Price of molybdenum products on September 2, 2025

Molybdenum copper sheet picture

Follow our WeChat to know the latest tungsten price, information and market analysis.