Molybdenum market update on March 3, 2025
At the start of the week, the domestic molybdenum market generally exhibited a notable downward trend. Under the influence of factors such as the continued downward pressure on ferromolybdenum prices by steel companies and the tepid international molybdenum market, the confidence of many suppliers to stabilize prices has waned. Today, the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide dropped by about 30 yuan/ton, 1,000 yuan/ton and 20 yuan/ton respectively. Recently, Zhongnan Co., Ltd. plans to purchase 30 tons of ferromolybdenum, with the delivery to be completed before March 15.
According to the monitoring data of the Iron and Steel Association, in January 2025, the average CSPI stood at 96.09 points, registering a month-on-month decline of 1.68% and a year-on-year drop of 14.75%. Among them, the average CSPI long-product index reached 98.78 points, showing a month-on-month decrease of 1.47% and a year-on-year decline of 14.66%; the average plate index was 94.21 points, with a month-on-month decrease of 1.83% and a year-on-year drop of 15.63%.
Prices of molybdenum products on March 3, 2025
Silicon molybdenum rod picture
