SMM Analysis On China October Molybdenum Concentrate Production And November Forecast

Published: Nov 13, 2024 10:21

Source: SMM

Save

According to SMM data, China's molybdenum concentrate production in October increased by approximately 1% MoM.

During October, domestic molybdenum market procurement demand steadily emerged, and overall consumption remained strong, driving molybdenum concentrate profits to stay at a high level. Against this consumption backdrop, major molybdenum mines maintained full-capacity production to meet downstream market demand, with no plans for maintenance or production cuts.

Looking ahead to November, downstream demand in the molybdenum market is expected to continue following up, coupled with relatively small spot inventory pressure for molybdenum concentrate. Most molybdenum mines are expected to continue maintaining high production levels with few maintenance plans. It is expected that molybdenum concentrate production will remain stable in November.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

21 hours ago

Feb 6, 2026 15:36

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

Feb 6, 2026 15:36

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18