Molybdenum market update on September 8, 2025
At the beginning of the week, the domestic molybdenum market maintained overall stability. With a relatively balanced supply-demand relationship, traders showed moderate enthusiasm for market operations, with product prices showing no significant changes and order growth remaining steady. It is understood that due to strong production cost support, limited increases in spot supply, and high expectations for future market trends among industry players, suppliers generally have low willingness to reduce prices for sales. However, high raw material prices and generally moderate steel tender volumes and prices have led to weakened downstream demand. Recently, steel companies bidding for ferromolybdenum include Jiangsu Posco, Shagang Laiwu, Wuhu Xinsheng, Baosteel Zhanjiang, China First Heavy Industries, and Jiangsu Shagang. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder are approximately 4,610 yuan per ton-unit, 296,000 yuan per ton, and 520 yuan per kilogram, respectively.
In terms of news, according to the China Iron and Steel Association, in late August 2025, key statistical steel enterprises produced 21.41 million tons of crude steel, with an average daily output of 194.7 million tons, decreased by 8.0% day-on-day; 20.10 million tons of pig iron, with an average daily output of 182.7 million tons, decreased by 5.1% day-on-day; and 23.52 million tons of steel products, with an average daily output of 213.8 million tons, increased by 4.4% day-on-day. Based on this, it is estimated that the national daily output of crude steel this period was 2.42 million tons, decreased by 9.5% month-on-month; daily pig iron output was 2.20 million tons, decreased by 5.3% month-on-month; and daily steel product output was 4.15 million tons, decreased by 0.6% month-on-month.
Price of molybdenum products on September 8, 2025
Molybdenum crucible picture
