Molybdenum News Center

Molybdenum Market Update - February 7, 2025

The domestic molybdenum market remains stable, with a balanced supply-demand relationship and limited policy impact. As a result, traders are adopting a cautious wait-and-see approach, leading to low market activity and slow order growth.

On the supply side, many molybdenum manufacturers have gradually resumed production after the Chinese New Year holiday. However, due to a high number of pre-holiday orders and reduced production during the holiday period, suppliers are not in a hurry to sell, keeping prices firm.

On the demand side, post-holiday procurement enthusiasm has weakened, as downstream users stocked up before the holiday. Additionally, the recent slight decline in international molybdenum prices has contributed to reduced buying interest. Steel companies that have recently entered the market for molybdenum iron tenders include Tsingshan, Shougang Jingtang, Xinyu Steel, Ansteel, Taiyuan Iron & Steel (TISCO), and Hualing Xianggang.

From a policy perspective, the recent implementation of molybdenum export controls has not led to a significant increase in international molybdenum prices; instead, prices have slightly declined.

According to data from the China Iron and Steel Association (CISA), China exported a total of 110.716 million tons of steel in 2024, marking a 22.7% year-on-year increase. Meanwhile, steel imports totaled 6.815 million tons, down 10.9% year-on-year, with an average import price of $1,688.6 per ton, reflecting a 1.8% increase. In December alone, China exported 9.727 million tons of steel, up 4.8% from the previous month, while steel imports reached 621,000 tons, representing a 31.1% month-on-month increase.

Prices of molybdenum products on February 7, 2025

Picture of molybdenum sheets 

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