Molybdenum market update on November 10, 2025
On Monday, the overall domestic molybdenum market remained weak. Influenced by factors such as steel mills continuously pressing down ferromolybdenum procurement prices and the unrelenting decline in international molybdenum prices, suppliers generally exhibited high levels of panic, with most product prices dropping significantly. Among them, molybdenum concentrate prices fell by approximately RMB 50 per ton-unit, ferromolybdenum prices fell by approximately RMB 2,000 per ton, and molybdenum powder prices fell by approximately RMB 2 per kilogram. However, it is worth mentioning that the significant decline in molybdenum prices in recent days has, to a large extent, boosted downstream users' purchasing desire, resulting in an increase in market transaction volume. In recent days, steel enterprises entering bids for ferromolybdenum include Dongfang Special Steel, Jiangsu Shagang, Deyang Erzhong, and Jiangsu Zhongtian.
On the news front, CISA data show that in late October 2025, key statistical steel enterprises produced a total of 19.99 million tonnes of crude steel, with an average daily output of 1.817 million tonnes, down 9.8% from the previous ten-day period. By region, daily crude steel output in the Northeast decreased by 14,000 tonnes, in North China by 82,000 tonnes, in East China by 62,000 tonnes, in the Northwest by 12,000 tonnes, in the Southwest by 11,201 tonnes, and in Central-South by 16,000 tonnes.
Price of molybdenum products on November 10, 2025
molybdenum wire picture
