Molybdenum market update on June 4, 2025
The domestic molybdenum market is exhibiting a high-level sideways trend, with intense price negotiations between buyers and sellers due to interwoven bullish and bearish factors, leading to narrow price oscillations and limited transaction volumes.
In the molybdenum concentrate market, there is a strong sentiment of reluctance to sell with expectations of rising prices, driven by tight spot supply, potential capacity reductions at some molybdenum mines in the short term, and steady downstream demand. In the ferromolybdenum market, pressure persists despite recent higher bidding activity and decent offers from steel companies, which fail to offset the impact of rising molybdenum concentrate prices, compressing manufacturers' profit margins. According to CTIA GROUP LTD, since late April, molybdenum concentrate and ferromolybdenum prices have increased by approximately 16.92% and 19.23%, respectively. In the molybdenum chemical and product markets, trading sentiment remains subdued, with merchants largely maintaining rigid transactions; today, the prices of sodium molybdate, ammonium heptamolybdate, and molybdenum powder are approximately 170,000 yuan/ton, 238,000 yuan/ton, and 440 yuan/kg, respectively.
News Update: Northeast Special Steel Group Co., Ltd. has decided that, effective from May 29, 2025, all sales contract orders received will be adjusted based on the base price of May 28, 2025, with an increase of 200 yuan/ton for every 1% Mo content in molybdenum-containing varieties.
Price of molybdenum products on June 4, 2025
Image of molybdenum sheet
