Molybdenum market update on November 24, 2025
On Monday, the domestic molybdenum market remained generally weak, mainly reflected in the continued downward shift of price centers for some products, low buying interest from downstream users, and heightened panic sentiment among suppliers. Today, molybdenum concentrate, ferromolybdenum, and molybdenum powder prices decreased by approximately RMB 30/ton-degree, RMB 2,000/ton, and RMB 5/kg, respectively. It is understood that the lack of recovery momentum in the domestic molybdenum market is primarily constrained by the combined effect of multiple factors: first, steel enterprises continue to suppress ferromolybdenum procurement quotations, strengthening the pricing dominance on the demand side; second, insufficient production cost support fails to provide an effective floor for market prices; third, the international molybdenum market is performing weakly, transmitting negative linkage effects to the domestic market.
In terms of news, customs data show that from January to October 2025, China’s cumulative imports of molybdenum products totaled 73,657.72 tons, increased by 21.17% year-on-year, with cumulative import value of RMB 11.619 billion, increased by 34.82% year-on-year; cumulative exports amounted to 28,144.14 tons, decreased by 17.30% year-on-year, with cumulative export value of RMB 6.378 billion, decreased by 17.02% year-on-year. Of which, in October, China’s molybdenum product imports reached 9,498.40 tons, decreased by 7.68% month-on-month but increased by 49.60% year-on-year, with import value of RMB 1.779 billion, decreased by 5.33% month-on-month but increased by 93.71% year-on-year; exports totaled 2,305.07 tons, decreased by 0.31% month-on-month and decreased by 31.88% year-on-year, with export value of RMB 633 million, increased by 6.49% month-on-month but decreased by 21.43% year-on-year.
Price of molybdenum products on November 24, 2025
Images of molybdenum crucible
