Molybdenum market update on September 28, 2025
The domestic molybdenum market overall maintains a weak performance, with interwoven bullish and bearish factors leading to a somewhat stagnant negotiation atmosphere between buyers and sellers, resulting in a lack of upward momentum in product prices and low transaction volumes.
From the demand side, firstly, tight liquidity among downstream enterprises has weakened their procurement enthusiasm; secondly, many downstream users have built a certain scale of raw material inventory in advance, thus lacking an urgent need to replenish stocks in the short term; thirdly, the market’s weak expectation of a significant subsequent rise in molybdenum prices has, to some extent, suppressed downstream willingness to proactively increase purchases.
From the supply side, influenced by factors such as frequent high-temperature rainfall and the approaching National Day holiday, the output of some molybdenum mining enterprises has decreased. Additionally, with current molybdenum prices still at relatively high levels, some suppliers exhibit a high willingness to ship, making it even more difficult to increase market spot supply.
The Central Meteorological Observatory has issued a yellow rainstorm warning: It is expected that from 08:00 on September 28 to 08:00 on September 29, 2025, parts of eastern and southern Sichuan, southern Shaanxi, western Henan, northwestern Hubei, western and northern Chongqing, northern Yunnan, southern Guangxi, southwestern Guangdong, and Hainan Island will experience heavy to torrential rain. Among these, some areas in southern Shaanxi, northern Sichuan Basin, and central-southern Hainan Island will see heavy rainstorms, with southeastern Hainan Island experiencing locally extreme rainstorms (250–280 mm).
In terms of news, according to the World Steel Association, in August 2025, the crude steel production of the 70 countries/regions included in the association’s statistics reached 145.3 million tons, an increase of 0.3% year-on-year. Among these, Africa’s crude steel production was 1.8 million tons, a decrease of 3.8% year-on-year; Asia and Oceania’s crude steel production was 107.7 million tons, an increase of 0.4% year-on-year; the EU (27 countries) crude steel production was 8.8 million tons, a decrease of 2.8% year-on-year; other European countries’ crude steel production was 3.7 million tons, an increase of 2.1% year-on-year; the Middle East’s crude steel production was 3.8 million tons, an increase of 21.5% year-on-year; North America’s crude steel production was 9.1 million tons, an increase of 1.6% year-on-year; Russia and other CIS countries plus Ukraine’s crude steel production was 6.7 million tons, a decrease of 4.9% year-on-year; and South America’s crude steel production was 3.6 million tons, a decrease of 5.0% year-on-year.
Price of molybdenum products on September 28, 2025
Molybdenum-Copper Sheet Images
