Molybdenum market update on July 30, 2025
The domestic molybdenum market is experiencing a significant upswing, with the price center clearly shifting upward. The price of molybdenum concentrate has increased by approximately 200 yuan per ton-unit, with a single-day rise of 4.88%; ferromolybdenum has increased by approximately 10,000 yuan per ton, with a single-day rise of 3.75%; molybdenum oxide has increased by approximately [missing value]yuan per ton-unit, with a single-day rise of 4.74%; sodium molybdate has increased by approximately 14,000 yuan per ton, with a single-day rise of 7.45%; ammonium tetramolybdate has increased by approximately 14,000 yuan per ton, with a single-day rise of 5.56%; ammonium heptamolybdate has increased by approximately 14,000 yuan per ton, with a single-day rise of 5.47%; molybdenum powder has increased by approximately 25 yuan per kilogram, with a single-day rise of 5.38%; and molybdenum bars have increased by approximately 20 yuan per kilogram, with a single-day rise of 4.12%.
On July 29, a mine in Henan sold 810 tons of molybdenum concentrate with a grade of 50% or higher, with transaction prices ranging between 4,300 yuan per ton-unit and 4,365 yuan per ton-unit. After major molybdenum mining companies raised their quotes, other molybdenum concentrate suppliers have also shown a stronger willingness to increase prices. However, downstream enterprises are facing growing pressure: firstly, the sharp rise in raw material prices is compressing their profit margins; secondly, the rigid demand procurement model of downstream users remains unchanged, while their acceptance of high-priced goods has decreased, resulting in limited actual transaction volumes.
Amid the sharp rise in molybdenum prices, industry players are particularly focused on the performance of steel tender volume and prices. As of now, the total steel tender volume for ferromolybdenum this month is approximately 13,000 tons. Recently, steel companies such as Hebei Iron and Steel, Hebei Shougang, Hunan Hengyang Steel Pipe, Heyi Technology, Nanjing Iron and Steel, Zhongyuan Special Steel, and Baowu Steel have successively entered the market to tender for ferromolybdenum, with bid prices around 268,000 yuan per ton.
In terms of news, according to the World Steel Association, in June 2025, China’s crude steel production was 83.18 million tons, decreased by 9.2% year-on-year; India’s crude steel production was 13.6 million tons, increased by 13.3% year-on-year; Japan’s crude steel production was 6.7 million tons, decreased by 4.4% year-on-year; the United States’ crude steel production was 6.9 million tons, increased by 4.6% year-on-year; Russia’s estimated crude steel production was 5.6 million tons, decreased by 7.4% year-on-year; South Korea’s crude steel production was 5.0 million tons, decreased by 1.8% year-on-year; Turkey’s crude steel production was 2.9 million tons, decreased by 3.5% year-on-year; Germany’s crude steel production was 2.7 million tons, decreased by 15.9% year-on-year; Brazil’s crude steel production was 2.8 million tons, decreased by 0.5% year-on-year; and Iran’s estimated crude steel production was 2.2 million tons, decreased by 15.5% year-on-year.
Price of molybdenum products on July 30, 2025
Molybdenum copper sheet picture
