Molybdenum market update on April 14, 2025
At the beginning of the week, the domestic molybdenum market in China continued its downward trend. Molybdenum concentrate and ferromolybdenum prices fell to approximately 3,300 yuan/ton-degree and 210,000 yuan/ton, respectively, while ammonium tetramolybdate and molybdenum powder prices dropped by about 3,000 yuan/ton and 5 yuan/kg, respectively. According to CTIA GROUP LTD, the primary reason for the price decline is the significant downward pressure from steel companies on ferromolybdenum prices. As a key intermediate product in the molybdenum industry, the falling price of ferromolybdenum has notably impacted the quotations of other molybdenum suppliers.
Data from the China Iron and Steel Association shows that from January to February 2025, procurement costs for coking coal decreased by 32.07% year-on-year, metallurgical coke fell by 30.27%, domestic iron ore concentrate dropped by 20.18%, imported iron ore powder declined by 21.58%, and scrap steel decreased by 16.76% year-on-year.
Price of molybdenum products on April 14, 2025
Picture of molybdenum copper rod
