Molybdenum market update on December 3, 2025
The domestic molybdenum market overall maintained a relatively weak operation, mainly reflected in insufficient confidence among suppliers to raise prices, slight declines in prices of individual products, and slow order growth. Today, molybdenum concentrate and molybdenum oxide prices consolidated around RMB 3,650 per tonne-degree and RMB 3,750 per tonne-degree respectively, while ferromolybdenum prices decreased by approximately RMB 3,000/ton.
From the perspective of bullish factors, first, affected by the recent obvious price declines, downstream users have shown increased enthusiasm for inquiries and procurement; second, to avoid the risk of cost-revenue inversion, many suppliers have low willingness to ship goods, which to a certain extent has supported the stable operation of many product prices. From the perspective of bearish factors, first, affected by the poor performance of the steel market, steel enterprises continue to press down ferromolybdenum procurement prices, thereby further suppressing the upside space for other molybdenum product prices; second, the continuous weak decline in international molybdenum prices and insufficient confidence among industry players in the future market have made it difficult for the domestic molybdenum market to warm up.
According to the China Iron and Steel Association, from January to October 2025, among the major steel-consuming industries, the construction sector continued to contract while manufacturing maintained steady growth. Specifically, the real estate market remained sluggish; infrastructure construction investment turned from increase to decrease; the added value of the machinery industry maintained growth, with the growth rate of electromechanical product exports slightly declining; automobile production continued to maintain relatively fast growth, with new energy vehicles continuing their rapid growth trend; the shipbuilding industry maintained a high level of orders on hand; production of the three major white goods in the home appliance industry maintained growth; and the decline in container production expanded.
Price of molybdenum products on December 3, 2025
Images of molybdenum crucible
