News

[ SMM Molybdenum Daily Review: Overseas Molybdenum Market Rose, Coupled With Increased Stocking Demand From Domestic Steel Mills, Molybdenum Market Increased ] SMM February 4 News: Today, the domestic molybdenum market rebounded slightly. The international molybdenum oxide market held up well, boosting domestic market sentiment. On February 3, a mine in Yunnan auctioned molybdenum concentrate, with the final transaction price rising to 4,115 yuan/mtu, driving up the center of spot order negotiations in the domestic market. Today, prices of major domestic molybdenum products, including molybdenum concentrate, ferromolybdenum, and molybdenum chemicals, generally rose, and market trading sentiment was active.

[SMM Molybdenum Daily Review: Post-Holiday Ore Rebound, Ferromolybdenum Tender Center Moves Up] SMM January 5: After the holiday, the domestic molybdenum market rebounded rapidly, with the transaction price center for molybdenum concentrate rising significantly. Driven by strong cost pressures, ferromolybdenum enterprises held back sales and maintained firm quotations. Steel mills faced difficulties in negotiating tender prices, and actual transaction prices moved upward. On January 4, a steel mill in Guangdong issued a tender price of 255,000 yuan/mt, while mainstream market quotations were concentrated in the range of 255,000–258,000 yuan/mt. Downstream steel mills exhibited strong wait-and-see sentiment, and their purchasing activity slowed down.

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%.

[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.

[SMM Molybdenum Daily Review: Ferromolybdenum Price Falls Below 250,000, Mines Hold Back from Selling, Market Sees Fierce Negotiations] SMM News, November 4: Overall, the stabilization of international molybdenum oxide prices has boosted sentiment in the domestic molybdenum raw material market. Additionally, mines are holding back from selling, reducing liquidity in the molybdenum raw material market. The ferromolybdenum sector is experiencing severe losses, leading to decreased operational rates. Meanwhile, downstream steel mills are entering the market at low prices, driving up demand. Fierce back-and-forth negotiations between upstream and downstream players are underway. Supported by cost factors and a temporary improvement in the supply-demand imbalance, the molybdenum market may stabilize and cease its decline.

SMM Report, October 31：The domestic molybdenum market in China saw a trend of first rising and then falling in October. Supported by the limited output release from mines, the price of molybdenum concentrate dropped only slightly. However, the ferromolybdenum market witnessed a sharp price decline due to the negative factors of weak downstream demand and loosened cost support, leading to significant industry losses.

[SMM Molybdenum Daily Review: Weak Demand from Steel Mills Drags Down Molybdenum Market] SMM October 27: The molybdenum market remained under pressure today. The tender prices for ferromolybdenum continued to decline, dampening market confidence in transactions and dragging down the prices of molybdenum concentrate. Trading volume in the molybdenum market shrank today, with ferromolybdenum enterprises suffering severe losses and showing reduced willingness to restock raw materials such as molybdenum concentrate. Some producers suspended quotations. In the domestic molybdenum concentrate market, no mines offered material, and spot orders were traded around the published price, with the center of transaction prices for some spot orders shifting downward. Overseas imported ore and molybdenum oxide prices were affected by weak overseas market conditions, leading to a downward shift in the transaction price center.

[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.