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Molybdenum Market Update - April 10, 2025

Molybdenum market update on April 10, 2025

The domestic molybdenum market in China continues to exhibit a generally weak performance, primarily reflected in varying degrees of price declines for mainstream products, moderate enthusiasm among traders to enter the market, and limited actual transaction volumes.

Currently, industry participants are particularly focused on the impact of the tariff war on the molybdenum industry chain.

In the molybdenum concentrate market, overall stability persists. With steel procurement prices struggling to rise and strong support from production costs, holders show a low willingness to offer price concessions. Previously, the price of molybdenum concentrate was around 3,390 yuan.

In the ferromolybdenum market, operations remain under pressure. Affected by a significant decline in steel prices, the price center of ferromolybdenum has also shifted downward, putting intermediate smelting enterprises at risk of a cost-profit inversion, as molybdenum concentrate prices remain relatively high. Shagang Group plans to tender 120 tons of ferromolybdenum on April 5, while Huaigang Special Steel plans to tender 200 tons in early April. Today, the prices of 304/2B stainless steel coil, rebar, and hot-rolled coil dropped by approximately 150 yuan, 48 yuan, and 56 yuan, respectively.

In the molybdenum chemical and product market, the buying and selling atmosphere remains subdued. With low willingness from upstream markets to reduce prices and terminal customers largely maintaining essential procurement, supplier quotations have stayed relatively stable.

According to data from the China Iron and Steel Association, in late March 2025, the steel inventory of key monitored steel enterprises stood at 15.23 million tons. This represents a decrease of 1.67 million tons, or 9.9%, compared to the previous ten-day period; an increase of 2.86 million tons, or 23.1%, compared to the beginning of the year; a decrease of 1.08 million tons, or 6.6%, compared to the same period last month; a decrease of 3.20 million tons, or 17.4%, compared to the same period last year; and a decrease of 2.02 million tons, or 11.7%, compared to the same period two years ago.

Price of molybdenum products on April 10, 2025

Picture of molybdenum copper rod

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