Molybdenum market update on April 18, 2025
The domestic molybdenum market in China exhibits a rebound from an oversold state, with prices of molybdenum concentrate and molybdenum oxide rising by approximately 10 yuan/ton-degree, and ferromolybdenum prices recovering to the 210,000 yuan/ton threshold. Under these conditions, market transaction volumes increase, and industry participants focus on the shipment dynamics of molybdenum mining companies and the price suppression sentiment of steel companies toward ferromolybdenum.
Bullish Factors: The significant decline in molybdenum product prices earlier prompts increased procurement interest from downstream users seeking bargains, boosting market activity. Strengthened production cost support slightly enhances suppliers’ reluctance to sell and confidence in maintaining firm prices. Signs of stabilization in steel procurement prices signal a market recovery.
Bearish Factors: Low steel prices and limited liquidity continue to drive strong price negotiation sentiment among steel companies for ferromolybdenum purchases. The weak international molybdenum market fails to provide external stimulus, further limiting the upward potential of the domestic molybdenum market.
According to data from the China Iron and Steel Association, in early April 2025, key monitored steel enterprises produce a total of 20.45 million tons of steel products, with an average daily output of 2.045 million tons, down 5.3% month-on-month. By region, daily steel output decreases by 40,000 tons in Northeast China, 25,000 tons in North China, 19,000 tons in East China, 4,000 tons in Northwest China, 8,000 tons in Southwest China, and 19,000 tons in Central-South China.
Price of molybdenum products on April 18, 2025
Image of molybdenum copper alloy sheet
