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International Molybdenum Prices - February 8, 2025

In the first week after the Chinese New Year, the domestic molybdenum market remained generally stable but showed a slight downward trend. 

Although limited spot supply, a slight increase in international molybdenum prices during the holiday, and the approaching weekend steel tenders for ferromolybdenum encouraged suppliers to hold firm on pricing, the market's overall bullish factors have gradually diminished. 

The divergence between steel bidding prices and volumes, along with a weaker international molybdenum market post-holiday, has led some sellers to become more willing to offer discounts.

Recently, transaction prices for molybdenum concentrate and ferromolybdenum have been hovering around 3,570 RMB/ton unit and 231,000 RMB/ton, respectively, while steel bidding prices have generally remained below 229,000 RMB/ton.

Market Updates: According to data from the World Steel Association, global crude steel production in December 2024 was as follows:

Africa: 1.9 million tons, down 1.0% year-on-year

Asia and Oceania: 106.3 million tons, up 9.0%

European Union (27 countries): 9.6 million tons, up 7.2%

Other European countries: 3.3 million tons, down 14.3%

Middle East: 4.6 million tons, down 4.5%

North America: 8.8 million tons, down 4.3%

Russia, other CIS countries, and Ukraine: 6.8 million tons, down 6.8%

South America: 3.1 million tons, down 3.8%

These figures reflect varying regional production trends, with strong growth in Asia but contractions in other key markets.

Prices of molybdenum products on February 8, 2025

Picture of TZM alloy plate 

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