Molybdenum market update on February 25, 2025
The domestic molybdenum market as a whole remains in a stalemate. With the supply and demand relationship relatively balanced and no major news released in the market, traders are generally in a state of sentiment to enter the market, so the actual transaction volume is limited. At present, the industry focuses on the performance of steel bidding activities at the end of the month.
In the molybdenum concentrate market, the transaction price of products is around 3,560 yuan/ton. Under the influence of factors such as the continued downward pressure on ferromolybdenum prices by steel companies, the slight increase in international molybdenum oxide prices and the slow growth of market spot supply, suppliers basically maintain rational quotations. In the ferromolybdenum market, the overall situation is a dilemma. Although the production cost support is strong, steel companies have successively entered the bidding for ferromolybdenum and the European ferromolybdenum prices have risen slightly, it is still difficult to offset the damage to the market caused by the low steel bidding prices, mainly due to the difficulty in updating ferromolybdenum prices. In the market of molybdenum chemicals and their products, the atmosphere of buying and selling in the market is weak, and the atmosphere of negotiation between buyers and sellers is slightly stalemate. The current prices of sodium molybdate, ammonium heptamolybdate and molybdenum powder are about 164,000 yuan/ton, 228,000 yuan/ton and 425 yuan/kg respectively.
According to the information from the Baotou Industry and Information Technology Bureau, in 2024, the added value of industrial enterprises above designated size in Inner Mongolia will increase by 6.8% over the previous year. In terms of the three major industries, the added value of the mining industry in the region increased by 4.7% year-on-year, the added value of the manufacturing industry increased by 9.3% year-on-year, and the added value of the production and supply of electricity, heat, gas and water increased by 8.1% year-on-year. In terms of economic types, the added value of state-owned holding enterprises in the region increased by 5.8% over the previous year, the added value of joint-stock enterprises increased by 6.8% over the previous year, and the added value of foreign-invested enterprises and Hong Kong, Macao and Taiwan-invested enterprises increased by 5.7% over the previous year.
Prices of molybdenum products on February 25, 2025
Molybdenum wire picture
