Molybdenum market update on October 9, 2025
On the first trading day after the National Day holiday, domestic molybdenum prices overall continued the downward trend from before the holiday, mainly due to many downstream users not yet resuming normal procurement rhythms and insufficient confidence among suppliers in stabilizing prices. However, influenced by strong production cost support and limited spot market supply, the price decline remained modest. Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate decreased by approximately 10 yuan per ton-unit, 1,000 yuan per ton, and 1,000 yuan per ton, respectively.
In terms of news, according to the China Iron and Steel Association, in late September, the social inventory of five major steel varieties in 21 cities was 9.02 million tons, decreased by 390,000 tons month-on-month, a decrease of 4.1%; increased by 2.43 million tons compared to the beginning of the year, a rise of 36.9%; and increased by 1.54 million tons compared to the same period last year, a rise of 20.6%. By region, social steel inventories in seven major areas showed a slight month-on-month increase in South China and remained flat in Central China, while other regions saw declines, with East China experiencing the largest reduction and North China the largest percentage decrease. During the same period, social inventories of the five major steel varieties showed a slight month-on-month increase only for hot-rolled coils, while other varieties declined, with rebar seeing the largest reduction and the greatest percentage decrease; year-on-year, except for hot-rolled coil inventories which decreased, inventories of other varieties increased, with rebar showing the largest increase and the greatest percentage rise.
Price of molybdenum products on October 9, 2025
Molybdenum copper sheet images
