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I. Analysis of China’s Molybdenum Price Trends in March 2025

price-trends-of-molybdenum-products-in-china-from-january-to-march-2025

According to China Tungsten Online, the price trend of molybdenum products in China during March 2025 exhibited a pattern of initial decline followed by a rebound. From the beginning to the middle of the month, the molybdenum market faced multiple downward pressures: steel companies, driven by cost considerations, continuously suppressed molybdenum iron procurement prices, squeezing the profit margins of molybdenum suppliers; the international molybdenum market lacked upward momentum, displaying overall weakness and failing to provide strong support to the domestic market; meanwhile, domestic spot inventories remained relatively abundant. Under the combined influence of these factors, molybdenum raw material suppliers showed a lack of confidence in the market, leading to price reductions. For instance, the price of molybdenum concentrate dropped from approximately 3,530 yuan per ton-degree at the start of the month to around 3,330 yuan per ton-degree by March 20, a decline of 5.67%. This drop in raw material prices also dragged down the prices of molybdate and other molybdenum products. Toward the end of the month, with molybdenum product prices at a relatively low level, downstream users increased their bargain-hunting activities. Additionally, a slight uptick in steel tender prices sent positive signals, boosting suppliers’ reluctance to sell and their bullish sentiment. In March, the total volume of molybdenum iron in steel tenders reached approximately 15,000 tons.

II. Average Prices of Molybdenum Products in March 2025

In March, the prices of most molybdenum products in China declined both month-on-month and year-on-year. The average prices were as follows:

Molybdenum Concentrate: 3,403 yuan/ton-degree, down 4.57% month-on-month and 0.21% year-on-year.
Molybdenum Iron: 222,333 yuan/ton, down 3.38% month-on-month and 0.68% year-on-year.
Molybdenum Oxide: 3,520 yuan/ton-degree, down 3.98% month-on-month but up approximately 0.43% year-on-year.
Sodium Molybdate: 159,571 yuan/ton, down 0.89% month-on-month and 2.05% year-on-year.
Ammonium Tetramolybdate: 218,571 yuan/ton, down 2.42% month-on-month and 1.50% year-on-year.
Ammonium Heptamolybdate: 221,952 yuan/ton, down 2.65% month-on-month and 1.31% year-on-year.
Molybdenum Powder: 407 yuan/kg, down 4.24% month-on-month and 6.22% year-on-year.
Molybdenum Bar: 447 yuan/kg, down 2.83% month-on-month and 3.66% year-on-year.

China average price list of molybdenum products in March 2025

From January to March 2025, most molybdenum product prices showed year-on-year increases despite month-on-month declines:

Molybdenum Concentrate: 3,515 yuan/ton-degree, down 4.77% month-on-month but up approximately 4.99% year-on-year.
Molybdenum Iron: 228,053 yuan/ton, down 4.51% month-on-month but up approximately 3.00% year-on-year.
Molybdenum Oxide: 3,622 yuan/ton-degree, down 4.28% month-on-month but up approximately 5.14% year-on-year.
Sodium Molybdate: 162,368 yuan/ton, down 2.77% month-on-month but up approximately 1.21% year-on-year.
Ammonium Tetramolybdate: 222,000 yuan/ton, down 2.50% month-on-month but up approximately 1.35% year-on-year.
Ammonium Heptamolybdate: 225,772 yuan/ton, down 2.56% month-on-month but up approximately 1.43% year-on-year.
Molybdenum Powder: 419 yuan/kg, down 2.78% month-on-month and down approximately 2.78% year-on-year.
Molybdenum Bar: 455 yuan/kg, down 1.73% month-on-month and down approximately 1.30% year-on-year.

table-of-average-prices-of-molybdenum-products-in-china-from-january-to-march-2025