Molybdenum market update on April 21, 2025
At the start of the week, the domestic molybdenum market in China showed slight improvement, primarily reflected in continued modest price increases for mainstream products, heightened enthusiasm among traders, and an increase in market transaction volumes. Today, prices for molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate were approximately 3,270 yuan/ton-degree, 212,000 yuan/ton, and 216,000 yuan/ton, respectively. Recently, steel companies such as Shougang Jingtang, China First Heavy Industries, Zhongyuan Special Steel, Shandong Iron and Steel Laiwu, Hebei Puyang, and Hebei Iron and Steel Group have been actively tendering for ferromolybdenum, with tender prices around 208,000 yuan/ton.
According to data from the National Bureau of Statistics, in the first quarter of 2025, China produced 259.33 million tons of crude steel, up 0.6% year-on-year; 216.28 million tons of pig iron, up 0.8% year-on-year; and 358.74 million tons of steel products, up 6.1% year-on-year. In March alone, the country produced 92.84 million tons of crude steel, up 4.6% year-on-year; 75.29 million tons of pig iron, up 3.1% year-on-year; and 134.42 million tons of steel products, up 8.3% year-on-year.
Price of molybdenum products on April 21, 2025
Molybdenum belt picture
