Molybdenum market update on October 30, 2025
The domestic molybdenum market is experiencing a continuous downward trend, primarily due to steel enterprises persistently pressing down ferromolybdenum procurement prices and limited bullish support. Today, molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate prices decreased by approximately RMB 20 per ton-unit, RMB 2,000 per ton, and RMB 1,000 per ton, respectively.
According to CTIA GROUP LTD, the reasons for the recent continuous decline in steel bidding prices include: first, the previous significant rise in ferromolybdenum prices, with a cumulative increase of approximately 42.31% from mid-April to early September, pushing up steel enterprises' raw material procurement costs. Combined with difficulties in raising steel prices, steel enterprises' price suppression sentiment has become more pronounced. Second, intense competition in the steel market and low acceptance of steel price increases by downstream users make it difficult for steel enterprises to pass on cost pressures from rising ferromolybdenum prices to downstream buyers, so they alleviate cost pressures by lowering ferromolybdenum procurement prices. Third, the recent significant decline in international molybdenum prices and RMB appreciation (USD/RMB exchange rate approximately 7.10) facilitate increased ferromolybdenum imports, giving steel enterprises more leverage to negotiate lower procurement prices with domestic suppliers. However, it is noteworthy that the current spot supply is not completely loose and the decline in international molybdenum prices is gradually narrowing, which has to some extent boosted suppliers' confidence in maintaining prices.
According to data from the National Bureau of Statistics, from January to September 2025, profit situations in major industries nationwide were as follows: electricity, heat production, and supply industry profits increased by 14.4% year-on-year; non-ferrous metal smelting and rolling processing increased by 14.0%; computer, communication, and other electronic equipment manufacturing increased by 12.0%; electrical machinery and equipment manufacturing increased by 11.3%; general equipment manufacturing increased by 8.4%; specialized equipment manufacturing increased by 6.8%; non-metallic mineral products industry increased by 5.1%; automobile manufacturing increased by 3.4%; ferrous metal smelting and rolling processing turned profitable year-on-year; petroleum, coal, and other fuel processing industry reduced losses year-on-year; chemical raw materials and chemical products manufacturing decreased by 4.4%.
Price of molybdenum products on October 30, 2025
White molybdenum wire picture
