Molybdenum market update on December 17, 2025
The domestic molybdenum market overall showed a stalemate trend. With intense price bargaining between buyers and sellers, market buying and selling atmosphere was relatively quiet, and order growth was slow. Under this market condition, industry players showed slightly insufficient confidence in the future market, and it is expected that in the short term it may continue to maintain relatively weak operation.
In the molybdenum concentrate market, with general downstream demand and strong reluctance among suppliers to sell while supporting prices, product quotations remained temporarily stable around RMB 3,700 per tonne-degree. Recently, a mine in Jiangxi sold 544 tons of 40%-45% molybdenum concentrate at a transaction price of RMB 3,660 per tonne-degree.
In the ferromolybdenum market, the overall trend remained under pressure, mainly attributed to difficulty in increasing steel tender prices and production costs failing to provide effective support for ferromolybdenum prices. Recently, steel enterprises including Ansteel Shares, Hengyang Valin Steel Tube, Hebei Puyang Iron & Steel, and Zhejiang Dongte have successively entered the market to tender for ferromolybdenum.
In the molybdenum chemical and related products market, the trend remained temporarily stable. Against the background of relatively balanced supply and demand relationship, product prices mainly adjusted with fluctuations in raw material prices. Today, sodium molybdate, ammonium heptamolybdate, and molybdenum powder prices were approximately RMB 173,000/ton, RMB 238,000/ton, and RMB 453/kg respectively.
On the news front, data from the China Iron and Steel Association show that in early December 2025, key statistical steel enterprises produced a total of 18.69 million tonnes of crude steel, with an average daily output of 1.869 million tonnes, daily output increased by 2.8% month-on-month. By region, North China region crude steel daily output increased by 56,000 tonnes, East China region crude steel daily output increased by 11,000 tonnes, Northwest region crude steel daily output increased by 9,000 tonnes, Northeast region crude steel daily output decreased by 6,000 tonnes, Southwest region crude steel daily output decreased by 9,000 tonnes, and Central and South China region crude steel daily output decreased by 10,000 tonnes.
Price of molybdenum products on December 17, 2025
Images of molybdenum crucible
