Molybdenum market update on May 7, 2025
The domestic molybdenum market in China maintains a stable-to-strong trend, primarily reflected in the continued price increase of most molybdenum products and a relatively positive sentiment among traders entering the market.
In the molybdenum concentrate market, molybdenum concentrate price have broken through the 3,500 yuan/ton-degree threshold, mainly due to suppliers' strong reluctance to sell at lower prices and downstream users maintaining rigid demand procurement. In the ferromolybdenum market, a cautious wait-and-see atmosphere prevails; influenced by average steel tender volumes and prices, as well as the recent continuous rise in molybdenum concentrate prices, intermediate smelting enterprises have raised their quotes, though the increase is slightly smaller than before the holiday. Recently, steel companies tendering for ferromolybdenum include Qingshan Holding Group, Zhejiang Dongte, and Shanxi Taigang. In the molybdenum chemicals and products market, prices are primarily driven by supply-demand dynamics; with strong production cost support and limited growth in end-customer demand, holders are generally maintaining stable pricing.
According to the National Bureau of Statistics, the Manufacturing Purchasing Managers' Index (PMI) for April 2025 was 49.0%, down 1.5 percentage points from the previous month, indicating a decline in manufacturing sector activity. The production index was 49.8%, down 2.8 percentage points from the prior month; the new orders index was 49.2%, down 2.6 percentage points; and the raw materials inventory index was 47.0%, down 0.2 percentage points from the previous month.
Price of molybdenum products on May 7, 2025
Molybdenum electrode picture
