Molybdenum market update on July 23, 2025
The domestic molybdenum market shows a trend of stabilizing after a decline, with a mix of bullish and bearish factors leading to differing pricing sentiments among upstream and downstream enterprises in the supply chain: molybdenum mining companies exhibit strong reluctance to sell and an optimistic outlook, intermediate smelting enterprises are ambivalent about raising or lowering prices, while molybdenum chemical enterprises maintain relatively stable quotations.
In the molybdenum concentrate market, trading activity remains moderate. Although major molybdenum mining companies have seen substantial sales prices for molybdenum concentrate, boosting other suppliers’ confidence to raise prices and pushing product prices back to the 4,000 yuan threshold, downstream caution due to high prices has resulted in limited market transactions.
In the ferromolybdenum market, despite steel companies’ reluctance to increase ferromolybdenum prices and a slight rise in raw material costs, ferromolybdenum manufacturers have still adjusted their quotations upward to avoid the risk of cost-profit inversion. Notably, the recent fluctuating upward trend in the prices of various steel products is conducive to raising ferromolybdenum tender prices. Today, the prices of 201/2B stainless steel coils, rebar, and hot-rolled coils increased by approximately 100 yuan per ton, 42 yuan per ton, and 39 yuan per ton, respectively.
In the molybdenum chemicals and products market, operations remain generally stable. With a relatively balanced supply-demand relationship, product prices show no significant changes, and order growth is slow. Today, the prices of sodium molybdate, ammonium heptamolybdate, and molybdenum powder are approximately 183,000 yuan per ton, 247,000 yuan per ton, and 443 yuan per kilogram, respectively.
In terms of news, customs data shows that in the first half of 2025, China’s molybdenum product imports totaled 41,101.50 tons, increased by 22.19% year-on-year, with an import value of 5.986 billion yuan, increased by 30.16% year-on-year; exports totaled 19,220.53 tons, decreased by 3.86% year-on-year, with an export value of 4.085 billion yuan, decreased by 9.79% year-on-year.
Price of molybdenum products on July 23, 2025
Molybdenum sheet picture
