Molybdenum market update on July 29, 2025
The domestic molybdenum market is showing an overall upward trend, with prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder increasing by approximately 20 yuan per ton-unit, 2,000 yuan per ton, and 5 yuan per kilogram, respectively. Under these circumstances, industry players are particularly focused on the shipment pace of molybdenum mining companies and the demand situation from downstream users.
In the molybdenum concentrate market, overall circulation remains slow. Influenced by the upcoming maintenance at a mine in Henan and a sudden incident at a copper-molybdenum beneficiation plant in Inner Mongolia, suppliers are generally reluctant to sell and exhibit a bullish sentiment, making it difficult for downstream buyers to replenish stocks. In the ferromolybdenum market, with average tender volume and price performance and tightening supplies of low-priced molybdenum concentrate, price negotiations between buyers and sellers are intense, leading to a slight rise in ferromolybdenum quotes. Recently, steel companies such as Zhongtian Steel, China First Heavy Industry, Shouguang Juneng Special Steel, and Shougang Qianxi Steel have tendered for ferromolybdenum. In the molybdenum chemical products and related markets, trading sentiment is relatively stable; driven by rising raw material prices, some holders have adjusted their quotes upward, though terminal customers continue to maintain just-in-time procurement.
In terms of news, according to the World Steel Association, the crude steel production of the 70 countries/regions included in its statistics reached 151.4 million tons in June 2025, decreased by 5.8% year-on-year. Among these, Africa’s crude steel production was 1.7 million tons, increased by 3.0% year-on-year; Asia and Oceania’s production was 112.9 million tons, decreased by 6.2% year-on-year; the European Union (27 countries) produced 10.4 million tons, decreased by 8.2% year-on-year; other European countries produced 3.3 million tons, decreased by 8.4% year-on-year; the Middle East produced 4.3 million tons, decreased by 4.9% year-on-year; North America produced 8.7 million tons, increased by 1.2% year-on-year; Russia and other CIS countries plus Ukraine produced 6.7 million tons, decreased by 8.8% year-on-year; and South America produced 3.5 million tons, increased by 1.3% year-on-year.
Price of molybdenum products on July 29, 2025
Molybdenum copper sheet picture
