Molybdenum market update on August 7, 2025
The overall domestic molybdenum market is showing signs of stabilizing after a decline, with a mix of bullish and bearish factors creating a somewhat stagnant negotiation atmosphere between buyers and sellers. As a result, product prices are consolidating within a reasonable range, and market order growth remains slow. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder are approximately 4,200 yuan per ton-unit, 272,000 yuan per ton, and 485 yuan per kilogram, respectively.
From the perspective of bullish factors, firstly, the suspension of production at the El Teniente copper-molybdenum mine due to an earthquake has heightened market concerns about potential molybdenum supply shortages, strengthening holders' resolve to maintain firm quotes. Secondly, production costs continue to provide strong support for molybdenum prices. Thirdly, despite high raw material prices, some steel companies, such as POSCO (Zhangjiagang), Shougang Co., Ltd., Erzhong Equipment, and Hengyang Valin Steel Tube, are still willing to enter the market to bid for ferromolybdenum.
From the perspective of bearish factors, firstly, although molybdenum product prices have declined in recent days, the drop has been limited, and downstream users remain noticeably resistant to high-priced goods. Secondly, the weak overseas molybdenum market, with declining ferromolybdenum prices in Europe, is acting as a constraint on domestic price increases.
Price of molybdenum products on August 7, 2025
Molybdenum Wire picture
