Molybdenum market update on October 16, 2025
The domestic molybdenum market overall exhibits a moderate performance, with a relatively balanced supply-demand foundation and the continuous introduction of favorable policies. Traders are maintaining rigid transactions, with product prices trending upward and actual transaction volumes remaining satisfactory.
From the perspective of favorable factors: first, increased downstream inquiries and limited growth in raw material spot supply have significantly boosted the confidence of molybdenum mining enterprises to hold back stock and anticipate price rises; on October 15, a mining enterprise in Luoyang sold 810 tons of molybdenum concentrate. Second, since the end of the National Day holiday, international molybdenum prices have oscillated upward, providing a warming effect on the domestic molybdenum market. Third, under the robust development of traditional manufacturing and emerging industries, the steel market's demand for ferromolybdenum is substantial, offering solid support for the molybdenum market's positive trend. As of now, the total ferromolybdenum tender volume for October is approximately 3,000 tons.
From the perspective of unfavorable factors: first, the recent continuous rise in molybdenum prices has heightened the willingness of many raw material suppliers to actively ship, to some extent constraining the upside potential of molybdenum prices. Second, due to relatively tight funding among downstream molybdenum production enterprises and the difficulty for intermediate smelting enterprises to pass on production costs to downstream buyers, purchasers are maintaining a rational consumption stance, leading to slow growth in market orders.
According to news, the China Iron and Steel Association (CISA) reports that in early October 2025, key statistical steel enterprises produced a total of 20.32 million tons of crude steel, with an average daily output of 203.2 thousand tons, increased by 7.5% day-on-day; 18.75 million tons of pig iron, with an average daily output of 187.5 thousand tons, increased by 3.2% day-on-day; and 19.61 million tons of steel products, with an average daily output of 196.1 thousand tons, decreased by 8.5% day-on-day. Based on this, the estimated national daily output for this period is 2.51 million tons of crude steel, increased by 7.5% month-on-month; daily pig iron output is 2.25 million tons, increased by 3.2% month-on-month; and daily steel product output is 4.07 million tons, decreased by 1.7% month-on-month.
Price of molybdenum products on October 16, 2025
Yttrium molybdenum belt picture
