Molybdenum market update on November 7, 2025
This week, domestic molybdenum prices exhibited a pattern of oscillating decline with a relatively large drop, mainly attributable to steel mills continuously pressing down ferromolybdenum procurement prices, low enthusiasm among downstream users for inquiries and purchases, the ongoing cooling of the international molybdenum market, and widespread concern among suppliers about the future outlook. However, in the long run, factors such as declining mine grades and long production-construction cycles will make it difficult to increase future molybdenum supply; coupled with the promising development prospects of emerging industries, which are expected to boost market demand for molybdenum, the subsequent molybdenum market still retains warming potential.
According to CTIA statistics, this week molybdenum concentrate prices fell approximately RMB 290 per ton-unit, a decline of 6.74%; ferromolybdenum prices fell approximately RMB 11,000 per ton, a decline of 4.06%; molybdenum oxide prices fell approximately RMB 300 per ton-unit, a decline of 6.79%; sodium molybdate prices fell approximately RMB 9,000 per ton, a decline of 4.74%; ammonium heptamolybdate prices fell approximately RMB 14,000 per ton, a decline of 5.22%; molybdenum powder prices fell approximately RMB 16 per kilogram, a decline of 3.25%. Thus, the decline in molybdenum raw material prices this week was slightly larger than that of molybdenum chemical products.
On the news front, CISA data show that in late October 2025, key statistical steel enterprises produced a total of 19.99 million tonnes of crude steel, with an average daily output of 1.817 million tonnes, down 9.8% from the previous ten-day period; 19.18 million tonnes of pig iron, with an average daily output of 1.744 million tonnes, down 5.8% from the previous ten-day period; and 21.94 million tonnes of finished steel, with an average daily output of 1.995 million tonnes, up 0.9% from the previous ten-day period. Based on this, national daily crude steel output is estimated at 2.22 million tonnes, down 9.8% from the previous ten-day period; daily pig iron output at 2.05 million tonnes, down 5.8%; and daily finished steel output at 3.99 million tonnes, down 2.3%.
Price of molybdenum products on November 7, 2025
Yttrium molybdenum belt picture
