Molybdenum market update on October 24, 2025
This week, the domestic molybdenum market has exhibited a continuous downward trend, primarily due to increased caution among downstream markets, declining steel bidding prices, a cooling international molybdenum market, and rising concerns among suppliers about future prospects. Today, the price of molybdenum concentrate has fallen below the RMB 4,400 per ton-unit threshold. However, it is noteworthy that limited increases in spot supply from the raw material end, coupled with expectations of growing demand for molybdenum products in the future terminal market, have to some extent bolstered the confidence of some holders in maintaining firm quotes.
According to CTIA GROUP LTD Manufacturing statistics, this week, the price of molybdenum concentrate decreased by approximately RMB 80 per ton-unit, a decline of 1.79%; ferromolybdenum decreased by approximately RMB 5,000 per ton, a decline of 1.75%; molybdenum oxide decreased by approximately RMB 70 per ton-unit, a decline of 1.54%; sodium molybdate decreased by approximately RMB 3,000 per ton, a decline of 1.53%; ammonium heptamolybdate decreased by approximately RMB 3,000 per ton, a decline of 1.09%; and molybdenum powder decreased by approximately RMB 5 per kilogram, a decline of 0.99%. This indicates that the price declines for molybdenum raw materials this week are roughly equivalent to those for molybdenum chemical products.
In terms of news, according to customs data, from January to September 2025, China's cumulative molybdenum product imports totaled 64,159.32 tons, increased by 17.86% year-on-year, with a cumulative import value of RMB 9.838 billion, increased by 27.78% year-on-year; exports totaled 25,839.08 tons, decreased by 15.70% year-on-year, with a cumulative export value of RMB 5.745 billion, decreased by 16.50% year-on-year.
Price of molybdenum products on October 24, 2025
Yttrium molybdenum belt picture
