Molybdenum market update on November 12, 2025
The domestic molybdenum market overall shows an accelerating decline pattern, with molybdenum concentrate, ferromolybdenum and ammonium heptamolybdate prices decreased by approximately RMB 120 per ton-unit, RMB 13,000 per ton and RMB 8,000 per ton, respectively. Under this market condition, transaction volumes have become the core focus of attention for industry insiders.
In the molybdenum concentrate market, overall wait-and-see sentiment is strong. Influenced by continuously declining steel bidding prices and poor performance in the international molybdenum market, suppliers have significantly lowered their quotes, but supported by production costs, mainstream mining enterprises show weak willingness to ship, with actual shipment volumes relatively low.
In the ferromolybdenum market, the overall situation presents a divergence between volume and price. Steel enterprises continue to press down ferromolybdenum procurement prices, and production costs fail to provide effective support for current prices, leading to clearly insufficient confidence among intermediate smelting enterprises in maintaining prices, though market inquiries remain relatively active; recently, Hengyang Steel Tube bid for 60 tonnes of ferromolybdenum, Hebei Shougang bid for 40 tonnes of ferromolybdenum, and a Jiangsu steel mill bid for 180 tonnes of ferromolybdenum.
In the molybdenum chemical and its products market, under the background of relatively balanced supply and demand, product prices are mainly influenced by the sharp decline in raw material prices, with current sodium molybdate and molybdenum powder prices decreased to around RMB 174,000 per ton and RMB 465 per kilogram, respectively.
On the news front, CISA data show that from January to October 2025, China cumulatively imported 5.041 million tonnes of steel, decreased by 680,000 tonnes year-on-year, a drop of 11.9%; cumulatively imported 1,028.886 million tonnes of iron ore, increased by 6.95 million tonnes year-on-year, a rise of 0.7%; cumulatively exported 97.737 million tonnes of steel, increased by 6.024 million tonnes year-on-year, a rise of 6.6%.
Price of molybdenum products on November 12, 2025
Images of molybdenum crucible
