Molybdenum market update on April 23, 2025
The domestic molybdenum market in China is showing a general upward trend, with prices for molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate rising by approximately 20 yuan/ton-degree, 2,000 yuan/ton, and 1,000 yuan/ton, respectively. Under these conditions, both buyers and sellers are highly engaged, and trading volumes remain at a relatively substantial level.
In the molybdenum concentrate market, the buying and selling atmosphere is positive. Supported by increased inquiries from downstream buyers and rising steel tender prices, suppliers generally hold a strong reluctance to sell and a bullish outlook. Today, molybdenum concentrate prices broke through the 3,300 yuan/ton-degree threshold. On April 21, a mine in Jiangxi sold 320 tons of 40-45% molybdenum concentrate at a transaction price of 3,285 yuan/ton-degree.
In the ferromolybdenum market, the overall trend remains under pressure. Although steel tender volumes and prices have risen, boosting confidence among ferromolybdenum producers to raise quotes, the simultaneous increase in molybdenum concentrate prices has kept profit margins for intermediate smelting companies narrow. So far this month, the total steel tender volume for ferromolybdenum is approximately 10,000 tons.
In the molybdenum chemicals and products market, the overall situation is average. Affected by the recent fluctuating rise in raw material prices, prices for molybdates, molybdenum powder, and molybdenum bars have also slightly increased. However, due to the persistent just-in-time purchasing behavior of end customers, order growth remains slow.
According to the National Bureau of Statistics, in the first quarter, the added value of the equipment manufacturing industry grew by 10.9% year-on-year, accelerating by 0.3 percentage points compared to January-February. It accounted for 33.7% of the total added value of industrial enterprises above the designated scale, up 1.7 percentage points from January-February, indicating continued optimization of the industrial economic structure. Among the eight major equipment industry categories, five achieved double-digit growth in added value, and four saw faster growth compared to January-February. The railway, shipbuilding, aerospace, electrical machinery, automotive, and electronics industries recorded added value growth of 20.0%, 12.4%, 11.8%, and 11.5%, respectively, collectively driving the growth of industrial enterprises above the designated scale by 2.6 percentage points, strongly supporting the acceleration of industrial production.
Price of molybdenum products on April 23, 2025
Picture of molybdenum copper sheet
