Molybdenum market update on March 6, 2025
Domestic molybdenum price is showing an overall downward trend, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder continuing to decline by approximately 10 yuan/ton-degree, 1,000 yuan/ton, and 5 yuan/kg, respectively. Against this backdrop, market trading activity remains moderate, with limited transactions. Currently, industry participants are primarily focused on the shipment dynamics of molybdenum mining companies, the price and volume of steel procurement, and the performance of the international molybdenum market.
According to China Tungsten Online, factors such as sustained downstream demand at a certain level and strong support from production costs are currently influencing molybdenum mining companies, resulting in a low willingness to reduce price for shipments. Recently, steel companies entering the market to tender for ferromolybdenum include Xinjiang Bayi Steel, Jiangsu Zhongtian, Hualing Steel Pipe, Ansteel Co., Ltd., Panzhihua Steel Xigang, and Baowu Steel, with tender price generally below 225,000 yuan/ton. In recent days, the international molybdenum market has exhibited a trend of downward pressure, with order growth slowing; international molybdenum oxide price is hovering between 20.45-20.65 USD/lb molybdenum, while European ferromolybdenum price is fluctuating in the 50.2-50.6 USD/kg molybdenum range.
Data from the China Iron and Steel Association shows that in late February, the social inventory of five major steel varieties across 21 cities reached 11.03 million tons, up 2.8% month-on-month, though the inventory growth rate has narrowed; this represents a 67.4% increase compared to the beginning of the year and a 19.3% decrease compared to the same period last year. During the same period, among the five major steel varieties, social inventories rose month-on-month for all except medium-thick plates, which saw a slight decline. Rebar recorded the largest volume increase, while hot-rolled coil saw the largest percentage increase. Year-on-year, all varieties except hot-rolled coil declined, with rebar showing the largest volume reduction and wire rod experiencing the largest percentage drop.
Price of molybdenum products on March 6, 2025
Molybdenum copper sheet picture
