Molybdenum market update on June 17, 2025
The domestic molybdenum market is currently showing a high-level stalemate. With suppliers generally unwilling to lower prices and downstream purchases mainly focused on rigid demand, product prices are fluctuating within a narrow range, and actual transaction activity remains moderate. Recently, a molybdenum concentrate from a mine in Yunnan was sold at RMB 3,822 per ton-unit.
On the supply side, although downstream enterprises have shown less enthusiasm for inquiries and procurement compared to previous weeks, the overall spot supply of raw materials remains tight. This is mainly due to the fact that downstream demand has not seen a significant decline, some mining enterprises have reduced output due to equipment maintenance and low ore grades, and China’s import volume of molybdenum products is limited.
On the demand side, in the short term, market demand has slightly decreased compared to earlier periods, mainly due to high prices of molybdenum products and strong price suppression sentiment from steel enterprises toward ferromolybdenum. However, from a long-term perspective, promising prospects in fields such as shipbuilding, nuclear power projects, and the wind energy industry are expected to boost demand for molybdenum-containing stainless steel, thereby increasing demand for ferromolybdenum.
In terms of market data, according to the China Iron and Steel Association (CISA), in early June 2025, key steel enterprises produced a total of 21.59 million tons of crude steel, with an average daily output of 2.159 million tons, which increased by 3.2% compared to the previous period. Pig iron output totaled 19.63 million tons, with a daily average of 1.963 million tons, which increased by 2.6%. Steel products output totaled 20.37 million tons, with a daily average of 2.037 million tons, which decreased by 6.4%.
Based on these figures, it is estimated that during this period, the national average daily output of crude steel was 2.74 million tons, which increased by 3.4%; pig iron output was 2.37 million tons per day, which increased by 2.6%; and steel products output was 4.07 million tons per day, which decreased by 0.4%.
Price of molybdenum products on June 17, 2025
Image of molybdenum copper sheet
