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Molybdenum Market Update - April 9, 2025

Molybdenum market update on April 9, 2025

The domestic molybdenum market in China is performing moderately overall.

Amid numerous uncertainties, intense price negotiations between buyers and sellers have made it difficult to update product prices and have limited transaction volumes. Currently, industry participants are closely monitoring the shipment dynamics of molybdenum mining companies, the performance of steel procurement volumes and prices, and the impact of the escalating China-US trade war on the molybdenum market.

In the molybdenum concentrate market, transaction prices have temporarily stabilized around 3,400 yuan/ton-degree. This stability is primarily attributed to suppliers' strong reluctance to sell at lower prices and decent downstream demand. On April 9, Luoyang Shenglong Mining’s 600 tons of molybdenum concentrate were transacted at prices ranging from 3,380 yuan to 3,390 yuan.

In the ferromolybdenum market, the overall trend is one of operating under pressure. The conflicting dynamics of raw material suppliers’ low willingness to reduce prices and the difficulty in raising steel procurement prices have put intermediate smelting companies at significant risk of cost-profit inversion. Today, the prices of 304/2B stainless steel coil, rebar, and hot-rolled coil dropped by approximately 110 yuan, 45 yuan, and 44 yuan, respectively.

In the molybdenum chemical and product market, a strong wait-and-see sentiment prevails, with holders generally maintaining stable quotations. Today, the prices of sodium molybdate, ammonium tetramolybdate, and molybdenum powder are approximately 157,000 yuan, 216,000 yuan, and 405 yuan, respectively.

According to data from the China Iron and Steel Association, in late March 2025, key monitored steel enterprises produced a total of 23.37 million tons of crude steel, with an average daily output of 2.125 million tons, down 1.9% month-on-month; 20.64 million tons of pig iron, with an average daily output of 1.877 million tons, down 2.6% month-on-month; and 23.76 million tons of steel products, with an average daily output of 2.16 million tons, up 2.3% month-on-month.

Price of molybdenum products on April 9, 2025

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