Molybdenum market update on July 21, 2025
At the beginning of the week, the domestic molybdenum market continued to trend weakly, driven by steel companies’ persistent downward pressure on ferromolybdenum prices and the gradual weakening of earlier bullish support, leading to slightly insufficient confidence among raw material suppliers in maintaining stable prices. Today, molybdenum concentrate price decreased by approximately 30 yuan per ton-degree. Against this backdrop, prices of other molybdenum products also saw varying degrees of decline: sodium molybdate price decreased by about 1,000 yuan per ton, molybdenum powder price decreased by about 5 yuan per kilogram, and molybdenum bar price decreased by about 10 yuan per kilogram. However, it is worth noting that steel companies’ enthusiasm for tendering ferromolybdenum remains moderate; recently, steel companies entering the market to tender for ferromolybdenum include Xinyu Iron and Steel, Huaigang Special Steel, Angang Steel, Qing Shan Holding Group, and Dongbei Special Steel.
According to data from the China Iron and Steel Association, in early July 2025, among the six major regions, the daily crude steel output of key monitored enterprises increased in East China and Southwest China compared to the previous ten-day period, while other regions saw varying degrees of decline. Specifically, daily crude steel output decreased by 11,000 tons in Northeast China, 5,000 tons in North China, 2,000 tons in Northwest China, and 21,000 tons in Central-South China, while it increased by 2,000 tons in East China and 5,000 tons in Southwest China.
Price of molybdenum products on July 21, 2025
Molybdenum crucible picture
