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Molybdenum Market – July 17, 2025

Molybdenum market update on July 17, 2025

The domestic molybdenum market is showing a weak trend, with high raw material prices proving difficult to reduce and steel tender prices declining, leading to a somewhat strained negotiation atmosphere between buyers and sellers, and moderate market trading activity. Currently, industry participants are closely monitoring the shipment dynamics of molybdenum mining companies.

In the molybdenum concentrate market, the overall trend is a high-level stalemate. With reduced downstream inquiries and limited spot supply, holders are generally reluctant to offer discounts, and transaction prices are approximately 4,020 yuan per ton-degree.

In the ferromolybdenum market, the situation is one of strained support. Steel companies continue to suppress ferromolybdenum procurement prices, and low-priced sources are hard to come by, leaving intermediate smelting enterprises in a dilemma when setting quotations. However, it is noteworthy that several steel companies, including Hengyang Hualing Steel Tube and Baowu Steel, have recently shown willingness to enter the market to tender for ferromolybdenum.

In the molybdenum chemicals and products market, trading activity remains subdued, with product prices fluctuating within a narrow range. This is primarily due to unchanged patterns of essential demand from end customers and strong price stabilization confidence among suppliers. Currently, sodium molybdate and ammonium heptamolybdate prices are approximately 183,000 yuan per ton and 248,000 yuan per ton, respectively.

According to data from the China Iron and Steel Association, in early July 2025, key monitored steel enterprises produced a total of 20.97 million tons of crude steel, with an average daily output of 2.097 million tons, decreasing by 1.5% month-on-month; 19.31 million tons of pig iron, with an average daily output of 1.931 million tons, decreasing by 1.1% month-on-month; and 19.88 million tons of steel products, with an average daily output of 1.988 million tons, decreasing by 11.9% month-on-month. Based on these figures, it is estimated that the national daily output in this period was 2.71 million tons of crude steel, decreasing by 1.5% month-on-month; 2.36 million tons of pig iron, decreasing by 1.1% month-on-month; and 4.09 million tons of steel products, decreasing by 2.9% month-on-month.

Price of molybdenum products on July 17, 2025

Molybdenum price picture on July 17, 2025

Molybdenum crucible pictures

Molybdenum crucible pictures

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