Molybdenum News Center

International Molybdenum Prices - January 10, 2025

This week, the domestic molybdenum market performed relatively well. 

Although the prices of many products showed no significant fluctuations, the concentrated bidding for ferromolybdenum by steel enterprises substantially boosted suppliers’ confidence in maintaining stable prices and increased market transaction volumes. According to China Tungsten Online, international molybdenum prices showed volatility, while factors such as stagnant bidding prices and strong price-support sentiment from mining enterprises contributed to the current stalemate in molybdenum product pricing.

In terms of market news, data from the China Iron and Steel Association indicates that in late December 2024, the steel inventory of key monitored steel enterprises stood at 12.37 million tons, down 15.5% compared to the previous ten-day period. This figure represents a 0.1% increase from the beginning of the year, a 5.9% decrease from the same period last month, a 0.1% decrease from the same period last year, and a 5.3% decrease compared to two years ago. Among the six major regions in late December, steel inventories in key enterprises declined to varying degrees, except in the Southwest, where inventories increased by 120,000 tons. Inventory reductions included 170,000 tons in the Northeast, 220,000 tons in North China, 1.3 million tons in East China, 40,000 tons in Northwest China, and 660,000 tons in Central and South China.

Prices of molybdenum products on January 10, 2025

Picture of MoSi2 heating elements 

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