Molybdenum market update on April 2, 2025
The domestic molybdenum market as a whole maintains stable operation. With the relatively balanced supply and demand relationship and the absence of major positive news released in the market, most traders conduct rigid transactions. As a result, product prices fluctuate within a narrow range, and the growth rate of orders is also relatively gentle.
In the molybdenum concentrate market, the transaction prices of products are basically below 3,400 yuan per ton-degree. Affected by factors such as the obvious increase in molybdenum prices at the end of last month and limited working capital, most downstream users have a strong fear of high prices and adopt a cautious purchasing attitude. However, supported by the strong cost of production and the good development prospects of the downstream molybdenum industry, suppliers are less willing to offer price concessions.
In the ferromolybdenum market, the trading atmosphere is moderate. Against the backdrop of relatively high prices of molybdenum raw materials and steel enterprises successively entering the market to bid for ferromolybdenum, intermediate smelting enterprises basically maintain rational pricing. Recently, steel enterprises that have entered the market to bid for ferromolybdenum include Zhongtian Iron and Steel, Changshu Longteng Special Steel, Hengyang Valin Steel Tube, Hebei Iron and Steel, Jiangsu POSCO, etc.
In the molybdenum chemical and its products market, there is a strong overall wait-and-see atmosphere. The upstream market has a strong willingness to maintain prices, and the state of end customers' rigid demand procurement remains unchanged, resulting in relatively small fluctuations in the quotations of goods holders.
In terms of news, from January to February 2025, China's cumulative steel exports reached 16.972 million tons, a year-on-year increase of 6.7%; cumulative steel imports were 1.050 million tons, a year-on-year decrease of 7.2%. In February, China exported 8.036 million tons of steel, a month-on-month decrease of 10.1%; and imported 550,000 tons of steel, a month-on-month increase of 10.2%.
Price of molybdenum products on April 2, 2025
Molybdenum copper sheet picture
