Molybdenum market update on March 17, 2025
At the beginning of the week, the domestic molybdenum market in China continued to exhibit a slight downward trend overall, with prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide dropping by approximately 10 yuan, 1,000 yuan, and 10 yuan, respectively. This is mainly attributed to factors such as a weak international molybdenum market, low steel bidding prices, and relatively abundant spot supply in the market. According to China Tungsten Online, steel companies recently entering the market to bid for ferromolybdenum include Zhongtian Steel, Jiangsu Shagang, Changshu Longteng, Jiangsu Nangang, and CITIC Pacific, with bidding prices generally below 220,000 yuan/ton.
According to data from the China Iron and Steel Association, in the first ten days of March 2025, key monitored steel enterprises produced a total of 21.32 million tons of crude steel, with an average daily output of 2.132 million tons, representing a month-on-month decline of 5.6%. By region, the daily crude steel output in Northwest China increased by 1,000 tons, while Northeast China saw a decrease of 21,000 tons, North China a decrease of 55,000 tons, East China a decrease of 42,000 tons, Southwest China a decrease of 8,000 tons, and Central-South China a decrease of 3,000 tons.
Price of molybdenum products on March 17, 2025
Molybdenum wire picture
