Molybdenum market update on September 24, 2025
The domestic molybdenum market overall maintained a sideways pattern, with some product prices experiencing a slight decline due to the inability of bullish sentiment from the raw material side to effectively support stable downstream market operations and the continued downward pressure on ferromolybdenum bids from steel enterprises. However, influenced by the recent oscillatory decline in molybdenum prices and the approaching National Day holiday, downstream inquiries have increased.
In the molybdenum concentrate market, the trading atmosphere remains moderate, with product prices adjusting around 4,470 yuan per ton-unit amid ferromolybdenum manufacturers maintaining mostly essential procurement and low willingness among suppliers to reduce prices. Recently, a copper-molybdenum mine in Jiangxi sold 256 tons of 40%-45% grade molybdenum concentrate at a transaction price of 4,415 yuan per ton-unit.
In the ferromolybdenum market, the overall trend is under pressure, with high raw material prices and low steel bidding prices creating difficulties for intermediate smelting enterprises in setting quotes, exposing them to significant cost-revenue inversion risks. Recently, steel enterprises bidding for ferromolybdenum include Jiangsu Shagang, Shouguang Juneng Special Steel, Erzhong Equipment, Rizhao Steel, Wuhan Iron and Steel, and Laiwu Steel.
In the molybdenum chemical and product markets, the prices of molybdates, molybdenum powder, and molybdenum bars have seen a certain degree of decline, primarily due to limited demand growth and weakening bullish support.
In terms of news, according to the China Iron and Steel Association, in mid-September, the social inventory of the five major steel varieties in 21 cities reached 9.41 million tons, increased by 210,000 tons (a rise of 2.3%) month-on-month, increased by 2.82 million tons (a rise of 42.8%) compared to the beginning of the year, and increased by 1.29 million tons (a rise of 15.9%) compared to the same period last year. By region, among the seven major areas, steel social inventories decreased month-on-month in Northeast China and remained stable in Northwest China, while all other regions saw increases, with South China recording the largest increase in both volume and percentage.
Price of molybdenum products on September 24, 2025
Molybdenum bar picture
