Molybdenum market update on October 27, 2025
On Monday, the domestic molybdenum market overall continued its weak performance, with some products experiencing declines of varying degrees under the influence of persistently low steel bidding prices, poor international molybdenum market performance, and strong profit-taking awareness among suppliers, including molybdenum concentrate prices decreasing by approximately RMB 10 per ton-unit, ferromolybdenum prices by approximately RMB 3,000 per ton, and limited actual transaction volumes. Recently, steel enterprises bidding for ferromolybdenum include Shougang Group, Jiangsu Shagang, Hengyang Huadi Special Steel Pipe, CITIC Heavy Industries, and Sichuan Panlong Special Steel.
In terms of news, according to the China Iron and Steel Association (CISA), in mid-October 2025, key statistical steel enterprises produced a total of 20.14 million tons of crude steel, with an average daily output of 201.4 thousand tons, decreased by 0.9% day-on-day; 18.50 million tons of pig iron, with an average daily output of 185.0 thousand tons, decreased by 1.3% day-on-day; and 19.76 million tons of steel products, with an average daily output of 197.6 thousand tons, increased by 0.8% day-on-day. Based on this, the estimated national daily output for this period is 2.46 million tons of crude steel, decreased by 2.0% month-on-month; daily pig iron output is 2.17 million tons, decreased by 3.5% month-on-month; and daily steel product output is 4.09 million tons, increased by 0.4% month-on-month.
Price of molybdenum products on October 27, 2025
Molybdenum copper sheet picture
