Molybdenum market update on May 12, 2025
At the start of the week, the domestic molybdenum market in China maintained stable operations, influenced by steady downstream demand, limited spot supply of raw materials, and news of China's special operation to combat the smuggling and export of strategic minerals, leading suppliers to generally hold firm on pricing. Today, prices for molybdenum concentrate, ferromolybdenum, and molybdenum oxide are approximately 3,520 yuan/ton-degree, 229,000 yuan/ton, and 3,610 yuan/ton-degree, respectively. Recently, steel companies tendering for ferromolybdenum include Guangdong Shaogang, Huaigang Special Steel, Shouguang Juneng Special Steel, Zhongnan Steel, and Shandong Juneng, with tender prices around 227,000 yuan/ton.
According to the China Iron and Steel Association, in late April 2025, key monitored steel enterprises produced a total of 22.02 million tons of crude steel, with an average daily output of 220,200 tons, down 1.2% month-on-month; 19.60 million tons of pig iron, with an average daily output of 196,000 tons, down 0.3% month-on-month; and 22.74 million tons of steel products, with an average daily output of 227,400 tons, up 7.6% month-on-month. By region, daily crude steel output decreased by 12,000 tons in North China, 1,000 tons in Northwest China, 9,000 tons in Southwest China, and 22,000 tons in Central-South China, while it increased by 16,000 tons in Northeast China and 1,000 tons in East China.
Price of molybdenum products on May 12, 2025
Molybdenum copper sheet picture
