Molybdenum market update on March 7, 2025
This week, the domestic molybdenum market in China exhibited an overall pattern of volatile decline, primarily attributed to the continuous drop in steel procurement price, a weak international molybdenum market, relatively abundant spot supply in the market, and a wavering confidence among suppliers in maintaining stable prices. Today, molybdenum concentrate and molybdenum oxide prices fell below the critical thresholds of 3,500 yuan per ton-degree and 3,600 yuan per ton-degree, respectively. Internationally, molybdenum oxide and European ferromolybdenum prices stabilized around 20.5 USD per pound of molybdenum and 50 USD per kilogram of molybdenum, respectively. However, it is noteworthy that numerous steel companies remained willing to enter the market and tender for ferromolybdenum this week.
According to Zhongwu Online, the current price of molybdenum concentrate dropped by approximately 80 yuan compared to last week, a decline of 2.25%; ferromolybdenum prices fell by about 4,000 yuan, a decrease of 1.75%; sodium molybdate prices decreased by around 1,000 yuan, a drop of 0.61%; ammonium heptamolybdate prices declined by approximately 2,000 yuan, a reduction of 0.88%; molybdenum powder prices fell by about 12 yuan, a decrease of 2.82%; and molybdenum oxide prices dropped by approximately 90 yuan, a decline of 2.46%. This indicates that the decline in molybdenum raw material prices this week has also slightly impacted the prices of molybdenum chemical products.
On the news front, China’s GDP growth target for 2025 is set at around 5%, with an urban surveyed unemployment rate of approximately 5.5%, over 12 million new urban jobs, a consumer price increase of about 2%, resident income growth synchronized with economic growth, a basic balance in international payments, grain output of around 1.4 trillion jin (700 million tons), a reduction in energy consumption per unit of GDP of about 3%, and continuous improvement in ecological and environmental quality.
Price of molybdenum products on March 7, 2025
Molybdenum copper sheet picture
