Molybdenum market update on November 19, 2025
Domestic molybdenum prices were partially stable, with some continuing to rise, but the increase narrowed compared to previous days. Molybdenum concentrate and ferromolybdenum prices increased by approximately RMB 10 per ton-unit and RMB 2,000 per ton, respectively. Currently, industry participants are primarily focused on the volume and pricing performance of steel mill tenders and the shipment dynamics of molybdenum mining enterprises.
From the supply side: First, stricter environmental policies and higher energy prices have led to slight production cuts by some molybdenum manufacturers, which helps support molybdenum price increases. Second, recent international molybdenum prices remain at low levels, combined with relatively strong RMB purchasing power, which is conducive to increased imports of molybdenum products into China.
From the demand side: First, with current molybdenum product prices being relatively low and favorable development trends in downstream molybdenum-consuming industries, downstream users maintain acceptable inquiry and procurement enthusiasm; as of now, total ferromolybdenum tendered by steel mills in September reached approximately 8,500 tons. Second, influenced by the complex and volatile global economic environment and relatively tight market liquidity, buyers generally maintain cautious consumption, resulting in slower growth in market transaction volumes.
On the news front, data from the National Bureau of Statistics show that in October, added value of equipment manufacturing above designated size increased by 8.0% year-on-year, with cumulative added value accounting for 36.1% of all above-designated-size industry, up 1.5 percentage points from the full year of 2024, and exceeding 30% for 32 consecutive months. All eight sectors within equipment manufacturing achieved growth. Among them, the automotive and electronics industries grew rapidly, with growth rates of 16.8% and 8.9% respectively, contributing 22.8% and 19.3% to overall above-designated-size industrial growth. The railway, shipbuilding, and aerospace equipment industry has maintained double-digit growth since December 2024, increasing by 15.2% in October. Mid-to-high-end equipment products developed steadily, with production of railway locomotives, civilian steel ships, and generator sets increasing by 71.3%, 21.4%, and 16.9% respectively.
Price of molybdenum products on November 19, 2025
Images of molybdenum copper sheet
