Molybdenum market update on July 16, 2025
The domestic molybdenum market is experiencing a lackluster performance, with weakening bullish support leading to low agreement in negotiations between buyers and sellers. Consequently, market trading activity has declined compared to the previous week, with actual transaction volumes remaining low.
In the molybdenum concentrate market, the overall trend remains firm. Although influenced by lower steel tender prices and limited downstream inquiries, significant price increases for molybdenum concentrate are unlikely. However, due to tightening spot supply and high production costs, suppliers are generally reluctant to offer discounts.
In the ferromolybdenum market, the situation is challenging, with steel companies maintaining strong price suppression and a scarcity of low-priced sources, making it difficult for intermediate smelting enterprises to set quotations and exposing them to significant risks of cost-profit imbalances. Today, ferromolybdenum prices decreased by approximately 1,000 yuan per ton.
In the molybdenum chemicals and products market, a wait-and-see sentiment prevails. Product prices are influenced not only by supply and demand dynamics but also by fluctuations in raw material prices. Currently, holders’ quotations are generally adjusting within a reasonable range. Today, ammonium tetramolybdate and molybdenum powder prices are approximately 244,000 yuan per ton and 453 yuan per kilogram, respectively.
According to data from the National Bureau of Statistics, in June 2025, China’s pig iron production was 71.91 million tons, decreasing by 4.1% year-on-year; crude steel production was 83.18 million tons, decreasing by 9.2% year-on-year; and steel product output was 127.84 million tons, increasing by 1.8% year-on-year. From January to June 2025, China’s pig iron production totaled 434.68 million tons, decreasing by 0.8% year-on-year; crude steel production reached 514.83 million tons, decreasing by 3.0% year-on-year; and steel product output was 734.38 million tons, increasing by 4.6% year-on-year.
Price of molybdenum products on July 16, 2025
Yttrium molybdenum belt pictures
