Molybdenum market update on December 2, 2025
The domestic molybdenum market overall maintained stable operation. Against the backdrop of acceptable downstream inquiry and procurement enthusiasm and strong reluctance among suppliers to sell while supporting prices, product prices basically fluctuated within a reasonable range, with relatively satisfactory order growth. From the supply side, affected by stricter environmental policies, higher production costs, and declining mine grades, the capacity release pace of some molybdenum mining enterprises has slowed down, but to avoid the risk of cost-revenue inversion, suppliers have low willingness to ship goods; coupled with increased imports of overseas molybdenum products, spot market supply remains relatively ample. From the demand side, the good development trend of molybdenum downstream industries and the currently low molybdenum product prices have jointly driven the release of downstream procurement demand, resulting in higher transaction volumes.
On the news front, data from the China Iron and Steel Association show that in October 2025, China exported 9.782 million tonnes of steel, decreased by 8.4% month-on-month, with an average export price of USD 684.4/ton, increased by 0.8% month-on-month; imported 503,000 tonnes of steel, decreased by 8.4% month-on-month, with an average import price of USD 1,594.6/ton, decreased by 1.8% month-on-month. From January to October, China cumulatively exported 97.737 million tonnes of steel, increased by 6.4% year-on-year, with an average export price of USD 695.4/ton, decreased by 8.7% year-on-year; cumulatively imported 5.041 million tonnes of steel, decreased by 11.9% year-on-year, with an average import price of USD 1,686.1/ton, increased by 0.2% year-on-year.
Price of molybdenum products on December 2, 2025
Images of molybdenum crucible
