Molybdenum market update on October 14, 2025
The domestic molybdenum market overall is exhibiting a trend of stabilization and recovery, primarily due to rising steel bidding prices, the prominent strategic status of metal resources, and relatively limited increases in raw material spot supply. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder increased by approximately 10 yuan per ton-unit, 3,000 yuan per ton, and 5 yuan per kilogram, respectively.
In the molybdenum concentrate market, the overall atmosphere is one of strong reluctance to sell with bullish expectations. Increased downstream demand and continued warming in the international molybdenum market have provided suppliers with greater confidence in raising prices. Additionally, with some mining enterprises entering maintenance shutdowns, market supply capacity has been reduced, giving molybdenum concentrate prices stronger upward momentum.
In the ferromolybdenum market, influenced by higher bidding prices from steel enterprises and strong production cost support, most intermediate smelting enterprises have raised their quotes, pushing product prices back above 280,000 yuan per ton. However, recent declines in steel prices may constrain the upside potential for ferromolybdenum prices, so traders should operate with caution.
In the molybdenum chemical and product markets, the wait-and-see atmosphere remains strong, mainly because terminal customers are maintaining essential procurement, and holders have low willingness to reduce prices. Notably, influenced by rising raw material prices, some molybdenum chemical product prices have seen slight increases.
In terms of news, according to the China Iron and Steel Association, in early October, the social inventory of five major steel varieties in 21 cities reached 9.46 million tons, increased by 4.9% month-on-month, increased by 43.6% compared to the beginning of the year, and increased by 24.0% compared to the same period last year. By region, social steel inventories in seven major areas showed a slight month-on-month decrease only in Northeast China, while other regions saw increases, with Southwest China recording the largest percentage increase. During the same period, social inventories of the five major steel varieties all increased month-on-month, with rebar and hot-rolled coils showing the largest volume increases; year-on-year, except for hot-rolled coil inventories which remained stable, inventories of other varieties increased, with rebar showing the largest volume increase and percentage rise.
Price of molybdenum products on October 14, 2025
Molybdenum crucible images
