Molybdenum market update on July 8, 2025
On July 8, 2025, the domestic molybdenum market continues to exhibit a strong upward trend, supported by tight molybdenum raw material supply, active steel tenders, and rising international molybdenum prices. Prices of molybdenum concentrate, molybdenum oxide, and ferro-molybdenum have continued to rise. Recently, steel companies including Hengyang Valin Steel Tube, Zhongtian Steel, Shandong Iron and Steel Laiwu, Jiangsu Shagang, CITIC Pacific, and Hebei Iron and Steel have entered the market to bid for ferro-molybdenum. Notably, under these conditions, ferro-molybdenum producers still face significant risks of cost-revenue inversion.
Currently, industry players are particularly focused on whether this round of price increases can reach the year’s peak set in June. According to information from CTIA GROUP LTD (Zhongwu Online), the highest prices in June were approximately 3,870 yuan/ton-degree for molybdenum concentrate, 250,000 yuan/ton for ferro-molybdenum, 3,960 yuan/ton-degree for molybdenum oxide, 239,000 yuan/ton for ammonium heptamolybdate, and 442 yuan/kg for molybdenum powder.
News Updates: In late June 2025, key statistical steel enterprises produced 21.29 million tons of crude steel, with an average daily output of 212.9 tons, decreased by 0.9% compared to the previous period; 19.53 million tons of pig iron, with an average daily output of 195.3 tons, increased by 0.3%; and 22.57 million tons of steel products, with an average daily output of 225.7 tons, increased by 6.4%. Based on this, it is estimated that the national daily output for this period was 2.75 million tons of crude steel, decreased by 0.9%, 2.38 million tons of pig iron, increased by 0.3%, and 4.21 million tons of steel products, increased by 1.3%.
Price of molybdenum products on July 8, 2025
Molybdenum crucible picture
