Molybdenum Market - September 23, 2025

Molybdenum market update on September 23, 2025

The domestic molybdenum price overall fluctuated within a reasonable range, with a subdued market trading atmosphere and limited actual transaction volumes, amid heightened wait-and-see sentiment among downstream users and strong reluctance to sell with price support from suppliers.

From the supply perspective, first, factors such as frequent high-temperature rainfall, stringent environmental crackdowns, and relatively high energy prices have led to reduced output from some molybdenum manufacturers; second, weak international molybdenum market conditions and slightly insufficient confidence in future trends among industry players have lowered molybdenum producers' willingness to actively expand production; third, although the purchasing power of the Chinese yuan remains high (with the USD/CNY exchange rate at approximately 7.11), limited imports of molybdenum products due to previously high overseas prices have persisted. In August this year, China's molybdenum product import volume was 6,138.71 tons, decreased by 7.80% month-on-month; the import value was 1.01 billion yuan, increased by 5.15% month-on-month.

From the demand perspective, first, although molybdenum prices have oscillated downward recently, the decline has been limited, and with many downstream production enterprises having completed their phased procurement plans, demand growth remains challenging; second, influenced by high domestic molybdenum prices and a weakening U.S. dollar, China's molybdenum product exports have been limited. In August this year, China's molybdenum product export volume was 2,304.72 tons, decreased by 31.13% month-on-month; the export value was 661 million yuan, decreased by 10.35% month-on-month.

In terms of news, according to customs data, from January to August 2025, China's cumulative molybdenum product import volume reached 53,897.90 tons, increased by 22.54% year-on-year; the cumulative import value was 7.957 billion yuan, increased by 30.77% year-on-year; the cumulative export volume was 23,526.89 tons, decreased by 14.42% year-on-year; and the cumulative export value was 5.15 billion yuan, decreased by 16.64% year-on-year.

Price of molybdenum products on September 23, 2025

Molybdenum bar picture

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