Molybdenum market update on March 10, 2025
At the beginning of the week, the domestic molybdenum market continued to maintain a relatively weak performance, primarily due to factors such as lackluster inquiry and procurement activity from downstream users, low steel tender prices, and a fluctuating decline in international molybdenum prices. However, supported by strong production cost pressures and the gradual initiation of molybdenum iron tenders by steel companies, suppliers have limited room to offer discounts. Today, the prices of molybdenum concentrate, molybdenum iron, and molybdenum powder are approximately 3,470 yuan/ton-degree, 225,000 yuan/ton, and 3,560 yuan/ton-degree, respectively.
According to data from the China Iron and Steel Association, in late February 2025, key monitored steel enterprises produced a total of 18.07 million tons of crude steel, with an average daily output of 2.259 million tons, reflecting a 5.0% increase in daily production compared to the previous period; 15.89 million tons of pig iron, with an average daily output of 1.986 million tons, up 4.1% from the previous period; and 18.41 million tons of steel products, with an average daily output of 2.301 million tons, marking a 13.0% increase in daily production from the previous period.
Price of molybdenum products on March 10, 2025
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