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I. Analysis of China's Molybdenum Price Trends in April 2025

According to CTIA GROUP LTD, the price trend of molybdenum products in China during April 2025 showed a pattern of initial stability, followed by a decline, and then a rebound. The total steel procurement of molybdenum iron was approximately 12,000 tons. At the beginning of the month, the market supply and demand were in a dynamic balance, with no significant positive drivers, leading to narrow price fluctuations and stable operations. Mid-month, amid the China-U.S. tariff disputes, intensified price suppression by steel companies, weakened downstream demand, and panic selling by suppliers caused a significant price drop. Molybdenum concentrate prices fell from around 3,400 yuan to about 3,250 yuan, and molybdenum iron prices dropped from approximately 222,000 yuan to around 208,000 yuan. By the end of the month, supported by stronger production cost resilience and increased procurement enthusiasm from downstream users at lower prices, molybdenum product prices rebounded and continued to rise. Most product prices ended the month higher than at the beginning, with the market showing a positive trend of rising volume and prices.

Price trend of China's molybdenum products from January to April 2025

II. Average Prices of Molybdenum Products in April 2025

In April, the prices of most molybdenum products in China declined both month-on-month and year-on-year. The average prices were as follows:
Molybdenum concentrate: 3,354 yuan/ton-degree, down 1.44% month-on-month and 0.77% year-on-year.
Molybdenum iron: 217,682 yuan/ton, down 2.09% month-on-month and 1.90% year-on-year.
Molybdenum oxide: 3,465 yuan/ton-degree, down 1.56% month-on-month and 0.14% year-on-year.
Sodium molybdate: 155,909 yuan/ton, down 2.29% month-on-month and 4.56% year-on-year.
Ammonium tetramolybdate: 214,273 yuan/ton, down 1.97% month-on-month and 1.28% year-on-year.
Ammonium heptamolybdate: 217,909 yuan/ton, down 1.82% month-on-month and 1.52% year-on-year.
Molybdenum powder: 404 yuan/kg, down 0.74% month-on-month and 5.16% year-on-year.
Molybdenum bar: 443 yuan/kg, down 0.89% month-on-month and 2.21% year-on-year.

Average price list of Chinese molybdenum products in April 2025

From January to April 2025, the prices of most molybdenum products in China increased year-on-year. The average prices were:
Molybdenum concentrate: 3,471 yuan/ton-degree, up 3.40% year-on-year.
Molybdenum iron: 225,165 yuan/ton, up 1.63% year-on-year.
Molybdenum oxide: 3,578 yuan/ton-degree, up 3.65% year-on-year.
Sodium molybdate: 160,570 yuan/ton, down 0.43% year-on-year.
Ammonium tetramolybdate: 219,848 yuan/ton, up 0.63% year-on-year.
Ammonium heptamolybdate: 223,582 yuan/ton, up 0.61% year-on-year.
Molybdenum powder: 414 yuan/kg, down 3.72% year-on-year.
Molybdenum bar: 452 yuan/kg, down 1.53% year-on-year.

Average price list of Chinese molybdenum products from January to April 2025