Molybdenum market update on June 9, 2025
At the beginning of the week, the domestic molybdenum market exhibited a high-level sideways trend, with intense price negotiations between buyers and sellers due to a mix of bullish and bearish factors, leading to a stronger wait-and-see atmosphere and moderate transaction volumes. On the positive side, unresolved tightness in molybdenum raw material supply and robust downstream demand are key reasons for suppliers maintaining firm quotes. However, with recent molybdenum price increases, some downstream users are showing slight resistance to higher prices. Today, molybdenum concentrate, ferromolybdenum, and molybdenum powder prices are approximately 3,860 yuan/ton-unit, 250,000 yuan/ton, and 442 yuan/kg, respectively.
According to the China Iron and Steel Association, in late May 2025, the steel inventory of key monitored steel enterprises totaled 15.3 million tons, a decrease of 1.05 million tons or 6.4% from the previous period. Compared to the beginning of the year, inventory increased by 2.93 million tons or 23.7%; it rose by 0.01 million tons or 0.1% compared to the same period last month, increased by 0.73 million tons or 5.0% compared to the same period last year, and decreased by 0.32 million tons or 2.0% compared to the same period two years ago. Regionally, steel inventories decreased by 0.46 million tons in Northeast China, 0.21 million tons in North China, 0.31 million tons in East China, and 0.27 million tons in Central South China, while they increased by 0.17 million tons in Northwest China and 0.02 million tons in Southwest China.
Price of molybdenum products on June 9, 2025
Image of molybdenum crucible
