Molybdenum market update on February 20, 2025
The domestic molybdenum market as a whole maintained a stable operation, mainly reflected in the fact that traders basically maintained rigid transactions and product prices did not change significantly. In the short term, the shipment status of molybdenum mining enterprises and the trend of the international molybdenum market have become the focus of attention of industry insiders.
According to China Tungsten Online, the current market positive factors include: First, the international molybdenum price has fluctuated and risen recently, which has supported the confidence of domestic suppliers to hold prices to a certain extent. The current European ferromolybdenum price has risen to about US$50.3/kg molybdenum, while the international molybdenum oxide price is about US$21.2/lb molybdenum; second, there are many steel companies that have entered the bidding for ferromolybdenum, including Jiangsu Longteng Special Steel's bidding for 32 tons, Jiangsu Yonggang's bidding for 30 tons, Xinyu Iron and Steel, Shougang Co., Ltd., Zhongnan Co., Ltd., etc. As of now, the total amount of ferromolybdenum bid by steel this month has exceeded 10,000 tons.
Negative factors include: First, the steel bidding price is low, below 229,000 yuan/ton, which makes it difficult for ferromolybdenum and molybdenum raw material prices to rise; second, the international molybdenum market has limited ability to drive the domestic molybdenum market.
Prices of molybdenum products on February 20, 2025
Molybdenum copper sheet picture
