Molybdenum market update on December 29, 2025
On Monday, the domestic molybdenum market overall maintained stable with a relatively strong trend, with ferromolybdenum and ammonium tetramolybdate prices both increased by approximately RMB 1,000/ton. Against the background of the approaching New Year's holiday, most steel enterprises showed increased enthusiasm for stockpiling and weakened sentiment to press down ferromolybdenum prices, prompting intermediate smelters to slightly raise quotations; in addition, with limited increase in molybdenum concentrate spot supply, molybdenum mining enterprises generally held strong reluctance to sell while supporting prices, further providing support for price increases in other molybdenum products. Recently, steel enterprises entering the market to tender for ferromolybdenum include Jiangsu Shagang, Baowu Steel, Baosteel (Baoshan), Inner Mongolia North Heavy Industries, Shan Steel Laiwu, etc.
On the news front: Data from the China Iron and Steel Association show that in November 2025, production of medium and heavy plate rolling mills and cold tandem rolling mills among key statistical enterprises increased year-on-year, while hot tandem rolling mill production slightly decreased. Among them, medium and heavy plate rolling mills produced 6.18 million tonnes, increased by 360,000 tonnes year-on-year, up 6.1%; cumulative production 69.62 million tonnes, increased by 2.64 million tonnes year-on-year, up 4.0%. Hot tandem rolling mills produced 15.73 million tonnes, decreased by 70,000 tonnes year-on-year, down 0.4%; cumulative production 176.77 million tonnes, increased by 1.37 million tonnes year-on-year, up 0.8%. Cold tandem rolling mills produced 679 tonnes, increased by 300,000 tonnes year-on-year, up 4.7%; cumulative production 74.14 million tonnes, increased by 740,000 tonnes year-on-year, up 1.0%.
Price of molybdenum products on December 29, 2025
Images of molybdenum copper sheet
