SMM Steel, December 30 — According to SMM statistics, the estimated total resource shipments in mainstream markets this week were 219,800 mt, down 18.71% WoW from last week’s shipment level. By market:

SMM News, December 29th The molybdenum market fluctuated sharply in 2025, generally experiencing a rally followed by a pullback. In the first three quarters, boosted by tight supply and prominent strategic attributes, molybdenum prices kept rising: 45% molybdenum concentrate hit a record high of 4,600 CNY/ton-unit in early September 2025, and ferromolybdenum prices peaked at 293,000 CNY/ton.

December 29, 2025 (SMM) - From December 22 to December 28, 2025, SMM recorded a total of 35 PV module procurement projects awarded to domestic companies in the current statistical period. The disclosed winning prices were concentrated in the range of RMB 0.67-0.75 per watt. The weighted average winning price was RMB 0.74 per watt, marking a RMB 0.01 per watt decrease compared to the previous period. The total awarded procurement capacity for this period was 361.73 MW, representing a significant decrease of 1,324.65 MW from the previous period.

The iron ore market in 2025 did not experience the widespread collapse predicted by some pessimists. Instead, it showed an "N-shaped" trend of "rising lows and constrained highs." Overall, the price fluctuations of iron ore in 2025 narrowed significantly compared to the previous two years. Starting at the beginning of the year, market sentiment was boosted by the Central Economic Work Conference at the end of 2024 and the anticipated issuance of trillions of yuan in special government bonds. At the same time, supply from Australia and Brazil faced more frequent cyclone and rainy season disruptions than in previous years, leading to a short-term drop in iron ore shipments and arrivals. The resulting tighter supply-demand balance pushed prices up to around $107/ton. However, the slow pace of resumption of work and production after the Spring Festival, coupled with lower-than-expected recovery in hot metal output, led to a price correction starting in March.