News

October 6–10, 2025 This week, the average cost in the ferromolybdenum industry was 285,800 yuan/mt, with an average industry loss of -8,330 yuan/mt and an average industry profit margin of -2.95%.

[Mo Daily Review: Steel mills buy the dip, ferro molybdenum trading volume increases while prices weaken] SMM November 26 news: This week, the molybdenum market was mainly under pressure, spot transaction prices of molybdenum concentrate were weak, and steel tenders for ferro molybdenum were relatively concentrated. However, under the condition of market divergence, the price center of steel tenders moved down significantly.

[SMM Molybdenum Daily Review: Molybdenum Ore Transaction Prices Turn Lower, Molybdenum Market Prices Soften] SMM November 19: This week, the molybdenum market retreated after a rapid rise. On Monday, a mining company in Inner Mongolia sold products through bidding, with the transaction price for 45% molybdenum concentrate rising to 3,800 yuan/mtu. This drove the spot order transaction center up by about 50 yuan/mtu to around 3,760 yuan/mtu. However, downstream ferromolybdenum plants faced severe price inversions and had limited capacity to absorb high-priced molybdenum concentrate.

[SMM Molybdenum Daily Review: Molybdenum Market Plummets, Ferromolybdenum Tender Prices Fall Below 230,000 yuan/mt] SMM November 12 News: This week, the domestic molybdenum market accelerated its decline, with the entire molybdenum industry chain entering a downward trend. International molybdenum oxide, along with the domestic molybdenum raw material market, experienced significant drops. Stainless steel market prices were under pressure, and industry profits urgently needed recovery, leading to tender activities primarily focused on driving down prices. Mainstream steel mills continued to lower tender prices, and the transaction center for ferromolybdenum had already shifted down to around 230,000 yuan/mt.

[Molybdenum Concentrate Bidding Transaction Information] According to SMM, on October 15, a large molybdenum enterprise in Luoyang sold molybdenum concentrate through bidding, with 540 mt of over 45% molybdenum concentrate and 270 mt of 50% molybdenum concentrate transacted.

[ Molybdenum Concentrate Bidding Transaction Information ] On October 13, two domestic molybdenum concentrate mines conducted auctions for shipments, and the transaction price moved higher.

[SMM Molybdenum Weekly Review: Downstream Pre-Holiday Restocking Nears Completion, Molybdenum Market Continues to Decline] Overall, domestic molybdenum concentrate mines have yet to release supplies in bulk, limiting the increase in market circulation. However, due to falling prices of downstream products such as ferromolybdenum and weak performance in the international molybdenum market, transaction prices have trended downward. Under significant cost pressure, some traders are offloading ferromolybdenum at low prices to liquidate assets. With pessimistic market sentiment, ferromolybdenum producers are relatively passive, while steel mills primarily focus on bargain-down purchasing. The molybdenum market is expected to remain weak and consolidate before the holiday. Post-holiday, attention should be paid to the supply releases from mainstream mines and the restocking pace of downstream steel mills.

[Tender Transaction Information for Molybdenum Concentrate] A mine in Luanchuan, Henan, tendered the sale of two batches of molybdenum concentrate, totaling 66 mt of 45-50% molybdenum concentrate, with a base price of 4,430 yuan/mtu (Cu ≤0.5%, P ≤0.03%). The transaction price achieved through bidding was 4,430 yuan/mtu.

[SMM Molybdenum Weekly: Molybdenum Concentrate Prices Eased and the Molybdenum Market Operated Under Pressure This Week] This week, the domestic molybdenum concentrate market operated under pressure. The news of production resumptions at a mine in Inner Mongolia, coupled with the bidding price at a mine in Henan being lower than expected, heightened risk aversion among some suppliers. Spot order shipments of molybdenum concentrate increased, and the transaction center of molybdenum concentrate shifted downward.

September 8-12, 2025 This week, the average cost in the ferromolybdenum industry was 296,600 yuan/mt, with an average industry loss of 2,935 yuan/mt and an average industry profit margin of -1%. ......