Molybdenum market update on June 27, 2025
This week, the domestic molybdenum prices showed an overall downward trend, with the decline of some products slightly expanding. For example, the daily decline of molybdenum concentrate prices increased from about 10 yuan/ton-degree to about 40 yuan/ton-degree. It is worth noting that despite the price drop, the market trading volume did not significantly increase. CTIA GROUP LTD believes that the decline in molybdenum prices is a normal market reaction, mainly due to the long-term rise and large increase in molybdenum prices in the early stage. Among them, the prices of molybdenum concentrate and molybdenum iron increased by about 19.08% and 20.19% respectively from mid-April to mid-June, in which case the profit margin of suppliers has been significantly expanded, but the fear of high prices among downstream users has also increased. When the current selling prices of molybdenum products are at a high level, the steel bidding prices continue to decline and the future market expectations are poor, molybdenum concentrate suppliers are more willing to reduce prices for shipment.
According to statistics from CTIA GROUP LTD, this week, the price of molybdenum concentrate decreased by about 70 yuan/ton-degree, a decrease of 1.82%; the price of molybdenum iron decreased by about 5,000 yuan/ton, a decrease of 2.02%; the price of sodium molybdate decreased by about 2,000 yuan/ton, a decrease of 1.17%; the price of ammonium heptamolybdate decreased by about 2,000 yuan/ton, a decrease of 0.84%; the price of molybdenum powder decreased by about 12 yuan/kg, a decrease of 2.71%; and the price of molybdenum oxide decreased by about 40 yuan/ton-degree, a decrease of 1.01%.
In terms of news, data from the China Iron and Steel Association showed that in mid-June 2025, key steel enterprises produced a total of 21.48 million tons of crude steel, with an average daily output of 2.148 million tons, a daily output decreased by 0.5%; 19.48 million tons of pig iron, with an average daily output of 1.948 million tons, a daily output decreased by 0.8%; and 21.21 million tons of steel, with an average daily output of 2.121 million tons, a daily output increased by 4.2%. Based on this, it is estimated that the national daily output of crude steel in this ten-day period was 2.77 million tons, a month-on-month increase of 1.2%; the daily output of pig iron was 2.38 million tons, a month-on-month increase of 0.2%; and the daily output of steel was 4.16 million tons, a month-on-month increase of 2.1%.
Price of molybdenum products on June 27, 2025
Image of molybdenum copper sheet
