Molybdenum market update on August 22, 2025
The domestic molybdenum market is showing an overall positive performance. Amid a mismatch in supply and demand, the price focus for most molybdenum products continues to shift upward slightly, with molybdenum concentrate and ferromolybdenum prices increased by approximately 20 yuan per ton-unit and 1,000 yuan per ton, respectively. Currently, industry insiders are primarily focused on the shipment status of molybdenum mining companies and the tendering dynamics of steel enterprises.
From the supply side, several factors are at play: firstly, the impact of frequent high-temperature rainfall, the upcoming military parade on September 3, and intensified environmental and crackdown efforts have slowed the production release rate at some molybdenum mines. Combined with steady downstream demand, this has led to a tighter spot market supply, further fueling bullish market sentiment. Secondly, with international molybdenum prices remaining at high levels and relatively tight market liquidity, imports of molybdenum products into China are restricted.
From the demand side, although the current high prices of molybdenum products have made downstream users more cautious in their procurement, the approach of the traditional "Golden September and Silver October" peak season has fostered expectations of increased demand in the coming months, with forecasts suggesting a potential rise in demand.
The Baotou Municipal Bureau of Industry and Information Technology reported that, among the 14 key steel product prices monitored in Baotou in July 2025, hot-rolled coils recorded the highest month-on-month increase, with an average price of 3,228 yuan per ton, increased by 166 yuan per ton, a rise of 5.4%. I-beams saw the largest year-on-year decrease, with an average price of 3,420 yuan per ton, decreased by 692 yuan per ton year-on-year, a drop of 16.8%; seamless pipes had the smallest year-on-year decrease, with an average price of 4,109 yuan per ton, decreased by 418 yuan per ton year-on-year, a drop of 9.2%.
Price of molybdenum products on August 22, 2025
Molybdenum crucible picture
