Molybdenum market update on December 10, 2025
The domestic molybdenum market overall showed a trend of stabilization and recovery, mainly due to high price-raising sentiment among raw material suppliers and acceptable inquiry and procurement enthusiasm from downstream users. Today, ferromolybdenum, ammonium tetramolybdate, and molybdenum powder prices increased by approximately RMB 2,000/ton, RMB 1,000/ton, and RMB 5/kg respectively.
In the molybdenum concentrate market, buying and selling activity in the market has increased to some extent. Recently, a mine in Henan sold 200 tons of conventional-grade molybdenum concentrate at a transaction price of RMB 3,705 per tonne-degree; another mine in Henan sold conventional-grade molybdenum concentrate in batches at transaction prices of RMB 3,700 per tonne-degree and RMB 3,690 per tonne-degree respectively.
In the ferromolybdenum market, affected by the increase in raw material sales prices and simultaneous rise in steel tender volume and price, product transaction prices have steadily increased and have once again broken through the RMB 240,000/ton threshold. However, due to high production costs and small increase in steel tender prices, intermediate smelters still face considerable operational pressure.
In the molybdenum chemical and related products market, an overall strong wait-and-see sentiment prevails. Against the background of terminal customers basically maintaining rigid demand and low initiative among holders to ship goods, product price trends mainly follow fluctuations in the upstream raw material market.
On the news front, data from the China Iron and Steel Association show that in late November 2025, key statistical steel enterprises produced a total of 20.80 million tons of steel products, with an average daily output of 2.080 million tons, daily output increased by 8.1% month-on-month. By region, Northeast region steel product daily output increased by 31,000 tons, North China region steel product daily output increased by 22,000 tons, East China region steel product daily output increased by 61,000 tons, Southwest region steel product daily output increased by 12,000 tons, Central and South China region steel product daily output increased by 43,000 tons, and Northwest region steel product daily output decreased by 13,000 tons.
Price of molybdenum products on December 10, 2025
Images of molybdenum crucible
