Molybdenum market update on October 28, 2025
The domestic molybdenum market continues to operate weakly, primarily characterized by low enthusiasm among traders for market engagement, persistent subtle price declines, and limited new orders. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide are approximately RMB 4,370 per ton-unit, RMB 276,000 per ton, and RMB 4,470 per ton-unit, respectively.
In the molybdenum concentrate market, the trading atmosphere remains subdued, with product prices declining due to weakened downstream demand, accelerating falls in international molybdenum prices, and a lack of significant bullish policy support. In the ferromolybdenum market, the overall trend remains under pressure, with strong price suppression sentiment from steel enterprises and high production costs making it difficult for intermediate smelting enterprises to quote, leading to rational downward adjustments. In the molybdenum chemical and product markets, the situation shows no obvious changes, with product prices fluctuating slightly with the broader market trend amid terminal customers mainly meeting rigid demand and low shipping initiative among suppliers.
According to the China Iron and Steel Association (CISA), in mid-October 2025, the steel inventory of key statistical steel enterprises reached 16.58 million tons, increased by 4.4% from the previous period, increased by 34.0% compared to the beginning of the year, increased by 8.4% compared to the same period last month, increased by 7.5% compared to the same period last year, and increased by 0.4% compared to the same period two years ago. By region, steel inventories in Northeast China increased by 230,000 tons, East China by 240,000 tons, Southwest China by 10,000 tons, Central-South China by 320,000 tons, North China decreased by 80,000 tons, and Northwest China decreased by 10,000 tons.
Price of molybdenum products on October 28, 2025
Molybdenum copper sheet picture
