Molybdenum market update on November 20, 2025
The domestic molybdenum market has been generally weak overall. Amid the interplay of bullish and bearish factors, traders’ sentiment varies, primarily reflected in relatively chaotic supplier quotations and a cautious consumption attitude among buyers—despite their willingness to purchase on dips.
In the molybdenum concentrate market, mining enterprises significantly raised quotations in the preceding days. This triggered heightened price aversion among downstream users, leading to fewer inquiries and reduced demand, with product prices surging briefly before retreating.
In the ferromolybdenum market, the overall trend remains under pressure. Influenced by the decline in molybdenum concentrate prices and strong price suppression from steel mills, intermediate smelters have lowered their quotations. Notably, however, steel mills have shown increased inquiry activity under these conditions.
In the molybdenum chemical and related products market, a strong wait-and-see atmosphere prevails. With end-users essentially maintaining only rigid demand and suppliers exhibiting low willingness to ship, the recent sharp ups and downs in raw material prices have not caused obvious disturbance to the prices of molybdenum chemical products and their derivatives.
News update: According to data from the National Bureau of Statistics, of the 623 industrial products tracked for enterprises above designated size in October, output increased year-on-year for 313 products. Key figures include:
Steel: 118.64 million tonnes, decreased by 0.9% year-on-year
Cement: 147.75 million tonnes, decreased by 15.8%
Ten non-ferrous metals: 6.95 million tonnes, increased by 2.9%
Ethylene: 3.14 million tonnes, increased by 11.7%
Automobiles: 3.279 million units, increased by 11.2%, of which new energy vehicles reached 1.710 million units, increased by 19.3%
Electricity generation: 800.2 billion kWh, increased by 7.9%
Crude oil processed: 63.43 million tonnes, increased by 6.4%
Price of molybdenum products on November 20, 2025
Images of molybdenum copper sheet
