Molybdenum market update on April 17, 2025
The domestic molybdenum market in China showed a generally lackluster performance. With limited inquiries from downstream users and persistent price suppression sentiment, the trading atmosphere remained subdued. However, strengthened support from production costs has slightly increased suppliers’ reluctance to sell and their confidence in maintaining firm prices.
In the molybdenum concentrate market, a strong wait-and-see atmosphere prevailed. As steel procurement prices stabilized, suppliers maintained rational quotations, with transaction prices hovering around 3,250 yuan/ton-degree. In the ferromolybdenum market, the relatively low price levels spurred increased procurement enthusiasm from some steel companies looking to buy at the dip, leading to a rise in market order volumes. In the molybdenum chemical and product market, factors such as stabilized raw material prices, essential procurement by terminal customers, and a weak international molybdenum market contributed to stable prices for molybdates and molybdenum powder, with no significant fluctuations. Today, international molybdenum oxide prices were approximately 20 USD/lb molybdenum, and European ferromolybdenum prices were around 48 USD/kg molybdenum.
According to data from the China Iron and Steel Association, in early April 2025, key monitored steel enterprises produced a total of 21.97 million tons of crude steel, with an average daily output of 2.197 million tons, up 3.4% month-on-month. By region, daily crude steel output increased by 61,000 tons in North China, 18,000 tons in East China, 1,000 tons in Northwest China, and 8,000 tons in Central-South China, while it decreased by 15,000 tons in Northeast China and 1,000 tons in Southwest China.
Price of molybdenum products on April 17, 2025
Image of molybdenum copper rod
