Molybdenum market update on March 18, 2025
The domestic molybdenum market has generally exhibited a stable yet slightly weak pattern. Over the past half month, market prices have dropped significantly, which has heightened profit awareness among many suppliers. Coupled with decent inquiry and purchasing activity from downstream users, the pace of price declines has slowed further. As of now, the total volume of molybdenum iron recruited by steel companies in March is close to 10,000 tons. Industry insiders currently predict that the molybdenum market will continue to experience narrow-range fluctuations and a slight decline in the short term.
According to China Tungsten Online, in the first half of March, the price of molybdenum concentrate fell by approximately 220 yuan per ton-degree, a decrease of 6.18%; molybdenum iron prices dropped by about 10,000 yuan per ton, a decline of 6.18%; molybdenum oxide prices decreased by around 190 yuan per ton-degree, a drop of 5.19%; sodium molybdate prices fell by approximately 2,000 yuan per ton, a decrease of 1.24%; ammonium tetramolybdate prices dropped by about 7,000 yuan per ton, a decline of 3.13%; ammonium heptamolybdate prices decreased by around 4,000 yuan per ton, a drop of 1.75%; molybdenum powder prices fell by approximately 25 yuan per kilogram, a decrease of 5.88%; and molybdenum bar prices dropped by about 20 yuan per kilogram, a decline of 4.35%. It is evident that the price of molybdenum concentrate saw the most significant decline at that time, primarily due to the fact that its price had risen the most before October of the previous year.
According to data from the China Iron and Steel Association, in the first ten days of March 2025, key monitored steel enterprises produced a total of 20.07 million tons of steel, with an average daily output of 2.007 million tons, representing a 12.8% decrease in daily production compared to the previous period. Regionally, daily steel production decreased by 41,000 tons in Northeast China, 104,000 tons in North China, 104,000 tons in East China, 5,000 tons in Northwest China, 9,000 tons in Southwest China, and 31,000 tons in Central-South China.
Price of molybdenum products on March 18, 2025
Silicon molybdenum rod picture
