Molybdenum market update on April 7, 2025
At the start of the week, China’s domestic molybdenum market maintained stable operations. With suppliers showing little inclination to lower prices and buyers adhering to rigid demand patterns, market trading activity remained subdued, and product prices exhibited no significant fluctuations. Today, prices for molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate stabilized at approximately 3,400 CNY/ton-degree, 222,000 CNY/ton, and 219,000 CNY/ton, respectively. Recently, steel companies entering the market to tender for ferromolybdenum include Hengyang Valin Steel Tube, Xinyu Iron & Steel, Dongfang Special Steel, Shougang Jingtang, and Dalian Special Steel.
According to data from the China Iron and Steel Association (CISA), in late March 2025, the social inventory of five major steel categories across 21 cities totaled 10.36 million tons. This marked a month-on-month decrease of 490,000 tons, or 4.5%, continuing the downward trend. Compared to the beginning of the year, inventories rose by 3.77 million tons, a 57.2% increase, while year-on-year, they fell by 3.38 million tons, a 24.6% decline. Among the five categories, both month-on-month and year-on-year inventories declined to varying degrees, with rebar showing the largest volume reduction and wire rod exhibiting the steepest percentage drop.
Price of molybdenum products on April 7, 2025
White molybdenum wire picture
