Molybdenum market update on August 18, 2025
At the beginning of the week, the domestic molybdenum market maintained a steady and robust operation. Despite a significant price increase for molybdenum products the previous week, downstream users' acceptance of high-priced goods has declined, with growing resistance evident. However, influenced by factors such as limited spot supply increases, a favorable international molybdenum market, and rising steel tender prices, many suppliers continue to exhibit a strong reluctance to sell and an optimistic outlook. Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate are approximately 4,380 yuan per ton-unit, 282,000 yuan per ton, and 266,000 yuan per ton, respectively.
Reports indicate that, according to the National Bureau of Statistics, in July 2025, China's crude steel production was 79.66 million tons, decreased by 4.0% year-on-year; pig iron production was 70.80 million tons, decreased by 1.4% year-on-year; and steel product output was 122.95 million tons, increased by 6.4% year-on-year. From January to July 2025, China's crude steel production totaled 594.47 million tons, decreased by 3.1% year-on-year; pig iron production was 505.83 million tons, decreased by 1.3% year-on-year; and steel product output reached 860.47 million tons, increased by 5.1% year-on-year.
Price of molybdenum products on August 18, 2025
Molybdenum copper sheet picture
