Molybdenum market update on September 9, 2025
The domestic molybdenum market continues to operate at a high but weakening level, primarily reflected in the lack of significant price increases for most molybdenum products, heightened profit-taking awareness among some suppliers, increased caution among downstream users, and limited actual transaction volumes. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide have decreased to approximately 4,590 yuan per ton-unit, 294,000 yuan per ton, and 4,670 yuan per ton-unit, respectively.
In the molybdenum concentrate market, influenced by reduced supportive factors and contracted downstream demand, the consumer market is gradually shifting from a seller’s market to a buyer’s market, leading suppliers to lower their quotes. Currently, industry players are closely monitoring the shipment dynamics of molybdenum mining enterprises. In the ferromolybdenum market, overall pressure persists; although raw material prices have declined, the reduction is modest, and with steel companies increasingly pressing down purchase prices for ferromolybdenum, intermediate smelting enterprises find it more challenging to set quotes. In the molybdenum chemical and product markets, with terminal customers maintaining basic rigid demand and holders showing low willingness to reduce prices for sales, product prices remain largely unchanged, and the market atmosphere for buying and selling is relatively subdued.
In terms of news, according to the China Iron and Steel Association, in late August 2025, the steel inventory of key statistical steel enterprises reached 14.98 million tons, decreased by 690,000 tons from the previous period, a drop of 4.4%; increased by 2.61 million tons compared to the beginning of the year, a rise of 21.1%; increased by 200,000 tons compared to the same period last month, a rise of 1.4%; increased by 440,000 tons compared to the same period last year, a rise of 3.0%; and increased by 260,000 tons compared to the same period two years ago, a rise of 1.8%. By region, steel inventories in Northeast China decreased by 200,000 tons, East China decreased by 190,000 tons, Northwest China decreased by 70,000 tons, Central-South China decreased by 370,000 tons, North China increased by 120,000 tons, and Southwest China remained largely stable compared to the previous period.
Price of molybdenum products on September 9, 2025
Molybdenum crucible picture
