Molybdenum market update on November 5, 2025
The domestic molybdenum market continues to show a pattern of unrelenting decline, mainly due to the continuous drop in steel-mill bidding prices and insufficient confidence among suppliers to hold prices steady. Today, molybdenum concentrate, molybdenum powder and ferromolybdenum prices fell to approximately RMB 4,220 per ton-unit, RMB 482 per kilogram and RMB 264,000 per ton, respectively.
In the molybdenum concentrate market, the overall situation remains under pressure. Low buying interest from downstream users and a weak international molybdenum market have led to widespread downward adjustments in supplier quotes. However, output reductions at some molybdenum mining enterprises and the gradually strengthening support from production costs are providing a certain foundation for future price stabilization.
In the ferromolybdenum market, trading activity is relatively lively. With recent significant declines in ferromolybdenum prices, steel enterprises have shown increased enthusiasm for buying on the dip. Recent steel mills entering bids for ferromolybdenum include Changshu Longteng, Zhejiang Dongte, Guangdong Shaogang, Hengyang Valin Steel Tube, and Tsing Shan Holding Group.
In the molybdenum chemical and downstream product markets, a strong wait-and-see atmosphere prevails. Terminal customers are purchasing only to meet rigid demand, with no obvious increase in procurement volume. As raw material prices continue to fall, holders are also lowering their quotes accordingly.
On the news front, the Henan Province Steel Industry Quality Upgrade Action Plan states that by the end of 2025, all steel industry capacity below the energy-efficiency benchmark level will complete technical upgrades or be phased out, and ultra-low emission transformations will be basically completed. By 2027, the industrial layout will be further optimized, inefficient capacity will be basically cleared, corporate profitability will be significantly improved, innovation capabilities will continue to strengthen, environmental performance A-grade enterprises will strive to reach 3–5, one leading benchmark enterprise and one digital transformation model factory will be created, and the proportion of specialty steel output to total steel output will rise to around 50%.
Price of molybdenum products on November 5, 2025
Molybdenum wire picture
