Molybdenum market update on July 2, 2025
The domestic molybdenum market is exhibiting a stop-and-rebound pattern, with molybdenum concentrate prices increasing by approximately 60 yuan/ton-degree, reclaiming the 3,800 yuan/ton-degree threshold. Industry attention is focused on whether this price surge can sustain and surpass the June highs, an outcome that remains subject to market validation.
On the bullish side, the rapid decline in molybdenum raw material prices by late June, combined with limited spot market supply, has prompted molybdenum mining companies to tentatively raise quotes. To avoid cost-revenue inversion risks, some molybdenum chemical product prices have also risen in tandem. Additionally, the international molybdenum market has shown decent performance, with international molybdenum oxide and European ferromolybdenum prices trending upward. Furthermore, downstream users are displaying heightened inquiry and procurement enthusiasm, fostering an active trading atmosphere.
On the bearish side, amid the price rebound, some molybdenum mining companies are increasing shipment volumes, exerting pressure on supply. Meanwhile, intermediate smelting firms struggle to pass on rising costs to downstream consumers, as molybdenum concentrate price increases outpace the modest rises in ferromolybdenum and molybdenum chemical product prices, narrowing profit margins.
In related news, according to the China Iron and Steel Association, in May 2025, China exported 10.578 million tons of steel, a slight increase of 1.1% from the previous month, with an export average price of 697.9 USD/ton, up 0.5% month-on-month. Steel imports totaled 0.481 million tons, down 7.8% month-on-month, with an import average price of 1,749.1 USD/ton, up 3.5% month-on-month. From January to May 2025, cumulative steel exports reached 48.469 million tons, up 8.5% year-on-year, with an average export price of 701.6 USD/ton, down 10.1% year-on-year. Cumulative imports totaled 2.553 million tons, down 16.1% year-on-year, with an average import price of 1,681.4 USD/ton, up 1.4% year-on-year.
Price of molybdenum products on July 2, 2025
Molybdenum crucible picture
