Molybdenum market update on July 7, 2025
On July 7, 2025, the domestic molybdenum market is maintaining a firm trend this week, driven by active downstream inquiries and strong bullish sentiment among suppliers reluctant to sell. Mainstream molybdenum product prices have increased by varying degrees, with molybdenum concentrate up by approximately 10 yuan/ton-degree, ferro-molybdenum by about 1,000 yuan/ton, and molybdenum powder by around 3 yuan/kg. Recently, steel companies including Baosteel, Shandong Iron and Steel Laiwu, Deyang Second Heavy Machinery, and Zhongyuan Special Steel have entered the market to bid for ferro-molybdenum.
In related news, in 2024, China Railway produced 14,945 tons of molybdenum metal, 288,252 tons of copper metal, 5,629 tons of cobalt metal, 9,415 tons of lead metal, 25,048 tons of zinc metal, and 36 tons of silver metal. According to the China Iron and Steel Association (CISA), from January to May 2025, the operation of major steel-consuming industries showed a divergent trend, with the construction industry continuing to decline while manufacturing sectors displayed mixed performance. In construction, key real estate indicators continued to drop, with real estate development investment decreased by 10.7% year-on-year, completed floor space decreased by 17.3%, commodity housing sales area decreased by 2.9% (with a slightly widened decline), new construction starts decreased by 22.8%, and construction area decreased by 9.2% (with a slightly narrowed decline).
Price of molybdenum products on July 7, 2025
Molybdenum crucible picture
