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Molybdenum Market Update - February 10, 2025

Molybdenum market update on february 10, 2025

At the beginning of the week, the domestic molybdenum market as a whole maintained a strong operation.

 Influenced by factors such as the concentrated tendering for ferromolybdenum by steel enterprises, strong support from production costs, and limited supply of market spot, holders basically maintained stable quotations.

Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder were adjusted at around 3,570 yuan per ton-degree, 231,000 yuan per ton, and 425 yuan per kilogram respectively. However, affected by the relatively low tender prices of steel, a slight decline in international molybdenum prices, and the difficulty in finding low-priced sources of goods, intermediate smelting enterprises face a relatively high risk of cost inversion.

In terms of news, data from the World Steel Association shows that in December 2024, the crude steel output of 71 countries/regions included in the statistics of the World Steel Association was 144.5 million tons, a year-on-year increase of 5.6%. Among them, China's crude steel output was 75.97 million tons, a year-on-year increase of 11.8%; India's crude steel output was 13.6 million tons, a year-on-year increase of 9.5%; Japan's crude steel output was 6.9 million tons, a year-on-year decrease of 1.1%; and the United States' crude steel output was 6.7 million tons, a year-on-year decrease of 2.4%.

Prices of molybdenum products on February 10, 2025

Molybdenum sheet pictures

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