Molybdenum market update on May 9, 2025
In the first week after the May Day holiday, the domestic molybdenum market in China continued its positive trend from before the holiday, driven by strong price-holding sentiment from molybdenum mining companies and increased inquiry and procurement activity from downstream users. However, due to recent continuous price increases and a gradual weakening of supportive factors, buyers' concerns about high prices have intensified slightly, leading to a narrower price rise compared to the pre-holiday period. Today, transaction prices for molybdenum concentrate and ferromolybdenum are hovering around 3,500 yuan/ton-degree and 229,000 yuan/ton, respectively.
According to CTIA GROUP LTD, post-May Day price changes include: molybdenum concentrate up approximately 40 yuan/ton-degree, a 1.16% increase; ferromolybdenum up about 4,000 yuan/ton, a 1.78% rise; sodium molybdate up around 2,000 yuan/ton, a 1.27% increase; ammonium heptamolybdate up approximately 4,000 yuan/ton, a 1.83% rise; molybdenum powder up about 3 yuan/kg, a 0.72% increase; and molybdenum oxide up approximately 40 yuan/ton-degree, a 1.13% rise.
In related news, according to the China Iron and Steel Association, as of the end of March 2025, the China Steel Price Index (CSPI) was 94.86 points, down 0.93 points month-on-month (a 0.97% decrease), down 2.
Price of molybdenum products on May 9, 2025
TZM round rod picture
