Molybdenum market update on May 29, 2025
The domestic molybdenum market in China is experiencing a strong upward trend, primarily driven by a tight supply of molybdenum concentrate, high downstream buying interest, and strong speculative sentiment among traders. Today, May 29, 2025, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder surged to approximately 3,800 yuan/ton-degree, 248,000 yuan/ton, and 440 yuan/kg, respectively.
According to CTIA GROUP LTD, a recent transaction in Henan involved 100 tons of molybdenum concentrate at 3,795 yuan/ton-degree; so far this month, the total ferromolybdenum tendered by steel companies amounts to about 12,000 tons, with current steel tender prices around 242,000 yuan/ton. Notably, the sustained rise in domestic molybdenum prices has also warmed the international molybdenum market, with international molybdenum oxide prices currently ranging between 22.1 and 22.3 USD/lb of molybdenum.
According to CTIA GROUP LTD statistics, compared to last Thursday, May 22, 2025, molybdenum concentrate price has increased by approximately 200 yuan/ton-degree, a rise of 5.56%; ferromolybdenum price has increased by about 14,000 yuan/ton, a rise of 5.98%; sodium molybdate price has increased by about 8,000 yuan/ton, a rise of 4.94%; ammonium heptamolybdate price has increased by about 12,000 yuan/ton, a rise of 5.31%; molybdenum powder price has increased by about 14 yuan/kg, a rise of 3.29%; and molybdenum oxide price has increased by about 200 yuan/ton-degree, a rise of 5.42%.
Price of molybdenum products on May 29, 2025
Image of molybdenum-copper heat sink plate
