Molybdenum market update on December 4, 2025
The domestic molybdenum market overall maintained stable operation. With general downstream demand and low willingness among upstream enterprises to reduce prices for shipments, product prices showed no obvious changes for the time being and transactions remained limited. Today, ferromolybdenum and ammonium tetramolybdate prices were approximately RMB 236,000/ton and RMB 231,000/ton respectively.
In the molybdenum concentrate market, affected by difficulty in increasing spot supply, relatively strong production cost support, and good development trend in molybdenum downstream industries, many suppliers remained cautious about shipping goods, with product transaction prices around RMB 3,650 per tonne-degree. In the ferromolybdenum market, factors such as low steel tender prices, weakening international molybdenum prices, and insufficient support from production costs for product prices led to weak motivation among intermediate smelters to raise prices. In the molybdenum chemical and related products market, a strong wait-and-see atmosphere prevailed, mainly due to terminal customers basically maintaining rigid demand and strong reluctance among suppliers to sell while supporting prices.
According to the China Iron and Steel Association, in October 2025 national stainless steel crude steel production was 3.6244 million tons, increased by 78,700 tons month-on-month, up 2.22%. Among them, Cr-Ni series stainless steel production was 1.9012 million tons, increased by 86,600 tons month-on-month, up 4.77%; Cr-Mn series stainless steel production was 1.0901 million tons, increased by 71,800 tons month-on-month, up 7.05%; Cr series stainless steel production was 585,300 tons, decreased by 83,800 tons month-on-month, down 12.53%; duplex stainless steel 47,923 tons.
Price of molybdenum products on December 4, 2025
Images of molybdenum screw
