Molybdenum News Center

International Molybdenum Oxide Prices - January 20, 2025

At the beginning of the week, the domestic molybdenum market remained stable, with prices holding steady. As the Lunar New Year approaches, traders have become less active in market operations, adopting a cautious wait-and-see attitude. This has resulted in little change in product prices and slow order growth.

According to information from Chinatungsten Online, several factors have contributed to the subdued molybdenum market: downstream users have mostly completed their procurement plans, logistics are slowing down, some molybdenum manufacturers have reduced or suspended production for the holiday, and international molybdenum prices have seen a slight decline. Recent steel tender prices are generally around RMB 230,000/ton, while international molybdenum oxide prices are below $21/lb Mo.

Market News:

The latest data from the National Bureau of Statistics shows that in 2024:

Crude steel output was 1,005.09 million tons, a year-on-year decrease of 1.7%.

Pig iron output was 851.74 million tons, down 2.3% year-on-year.

Steel output was 1,399.67 million tons, a year-on-year increase of 1.1%.

By region, the top five provinces for crude steel production in the first 11 months of 2024 were:

Hebei Province: 186.959 million tons

Jiangsu Province: 110.182 million tons

Shandong Province: 67.563 million tons

Liaoning Province: 64.639 million tons

Shanxi Province: 56.243 million tons

Prices of molybdenum products on January 20, 2024

Picture of molybdenum sheets 

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