Molybdenum market update on October 11, 2025
The domestic molybdenum market overall continues to operate weakly, primarily reflected in obvious downward pressure on product prices, low enthusiasm among traders for market engagement, and limited actual transaction volumes. Today, the prices of molybdenum concentrate and molybdenum oxide both decreased by approximately 20 yuan per ton-unit.
From the supply side, as the National Day holiday ends, many molybdenum manufacturers are gradually resuming normal production rhythms, which helps increase spot market supply. However, influenced by stricter environmental policies, frequent extreme weather, and other factors, the capacity release speed of some molybdenum production enterprises has slowed, to some extent constraining the increase in market supply.
From the demand side, in the first week after the National Day holiday, downstream users have not fully initiated their procurement plans, and with molybdenum downstream production enterprises generally facing tight liquidity issues, market demand remains difficult to release. Recently, steel enterprises bidding for ferromolybdenum include Erzhong Equipment, Jiangsu Zhongtian, Yizhong Changzhou New Materials, Zhongyuan Special Steel, Hebei Puyuan Steel, and Taiyuan Heavy Industry.
In terms of news, according to the China Iron and Steel Association, in late September 2025, the social inventory of five major steel varieties in 21 cities was 9.02 million tons, decreased by 390,000 tons month-on-month, a decrease of 4.1%; increased by 2.43 million tons compared to the beginning of the year, a rise of 36.9%; and increased by 1.54 million tons compared to the same period last year, a rise of 20.6%. By region, social steel inventories in seven major areas showed a slight month-on-month increase in South China and remained flat in Central China, while other regions saw declines, with East China experiencing the largest reduction and North China the largest percentage decrease. During the same period, social inventories of the five major steel varieties showed a slight month-on-month increase only for hot-rolled coils, while other varieties declined, with rebar seeing the largest reduction and the greatest percentage decrease; year-on-year, except for hot-rolled coil inventories which decreased, inventories of other varieties increased, with rebar showing the largest increase and the greatest percentage rise.
Price of molybdenum products on October 11, 2025
Molybdenum bar images
