Molybdenum market update on June 20, 2025
This week, the domestic molybdenum market remained stable at high levels, with molybdenum product prices fluctuating within a narrow range and a strong sense of caution prevailing, influenced by firm raw material prices and a slight decline in steel tender prices.
In the molybdenum concentrate market, conditions remain chaotic. Tight spot supplies combined with high production costs have led some suppliers to tentatively raise quotes to around 3,890 yuan/ton-degree. However, influenced by slowing downstream demand and increasing buyer pressure to lower prices, other suppliers have kept quotes lower, around 3,830 yuan/ton-degree. In the ferromolybdenum market, a “dilemma” persists, with limited availability of low-priced stock and steel companies offering low bids, making it challenging for ferromolybdenum producers to set prices and posing a significant risk of cost-revenue mismatch. In the molybdenum chemical and product market, trading activity remains subdued. Despite notable support from production costs, prolonged weak demand from terminal customers has led some molybdenum chemical companies to slightly reduce their quotes.
In related news, recently, the "Guangdong Wuhua County Baishizhang Mining Area Molybdenum Resource Verification Report," compiled by the Guangdong Institute of Mineral Resources Exploration, successfully passed its review. The report indicates an additional 100,000 tons of molybdenum metal, elevating the molybdenum resource scale to a large category.
Price of molybdenum products on June 20, 2025
Image of molybdenum copper sheet
