Molybdenum Market - September 25, 2025

Molybdenum market update on September 25, 2025

The overall focus of domestic molybdenum prices continues to shift slightly downward, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum scrap decreasing by approximately 10 yuan per ton-unit, 1,000 yuan per ton, and 5 yuan per kilogram, respectively. Under these conditions, downstream user demand has not significantly increased, resulting in a slow pace of market order growth.

In the molybdenum concentrate market, influenced by high production costs and limited increases in spot supply, holders generally have small price reduction margins. However, due to poor performance in the international molybdenum market and moderate downstream inquiry enthusiasm, it remains challenging for molybdenum concentrate prices to rise. Recently, a mine in Luanchuan, Henan, sold 66 tons of 45-50% grade molybdenum concentrate at a transaction price of 4,430 yuan per ton-unit. In the ferromolybdenum market, product prices exhibit a persistent downward trend, primarily due to strong price suppression sentiment from steel enterprises and the inability of production costs to effectively support ferromolybdenum prices. In the molybdenum chemical and product markets, the overall atmosphere is one of caution, with terminal customers maintaining mostly essential procurement. However, due to insufficient bullish confidence in the raw material market, most suppliers have rationally lowered their quotes.

In terms of news, according to the China Iron and Steel Association, in mid-September 2025, key statistical steel enterprises produced a total of 20.73 million tons of crude steel, with an average daily output of 207.3 thousand tons, decreased by 0.6% day-on-day; 19.10 million tons of pig iron, with an average daily output of 191.0 thousand tons, increased by 0.7% day-on-day; and 20.61 million tons of steel, with an average daily output of 206.1 thousand tons, increased by 5.4% day-on-day. Based on this, the estimated national daily output for this period is 2.56 million tons of crude steel, decreased by 0.6% month-on-month, 2.29 million tons of pig iron, increased by 0.7% month-on-month, and 4.17 million tons of steel, increased by 2.7% month-on-month.

Price of molybdenum products on September 25, 2025

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