Molybdenum market update on February 18, 2025
The domestic molybdenum market generally maintains a weakly consolidated operation. Amid the interweaving of bullish and bearish factors, the trading atmosphere among traders is rather subdued, leading to limited market trading volume and narrow-range fluctuations in product prices.
From the perspective of bullish factors, first, due to stricter environmental policies, higher production costs, and more cold-weather conditions, the capacity release of many molybdenum mining enterprises is restricted. Moreover, with a large number of orders on hand, suppliers are less willing to cut prices for shipment. Second, the participation of steel enterprises in the molybdenum-iron bidding process and the fluctuating upward trend of international molybdenum prices have strongly bolstered the confidence of holders in price-hiking. From the perspective of bearish factors, first, owing to the lackluster steel market situation, steel companies have a strong inclination to suppress the price of molybdenum iron, making it difficult for molybdenum suppliers to raise their quotations. Second, due to the recent long-lasting stalemate in the molybdenum market, some bullish factors have gradually weakened.
According to the price-monitoring data from the Jiangxi steel market and the Fuzhou Trade Plaza steel market, in January, the sales prices of 44 monitored steel varieties in Jiangxi Province increased by 33% compared to the previous month, and 5% remained unchanged. The average sales price of wire (high-wire 6.5, HPB300) was 3705.00 yuan/ton, with a slight month-on-month increase of 0.20% and a year-on-year decrease of 13.03%. The average sales price of wire (High-Speed Wire 8, HPB300) was 3596.25 yuan/ton, with a slight month-on-month decrease of 0.72% and a year-on-year decrease of 14.58%. The average sales price of rebar (12mm HRB400E) was 3493.75 yuan/ton, with a slight month-on-month decrease of 0.32% and a year-on-year decrease of 14.18%.
Prices of molybdenum products on February 18, 2025
Molybdenum sheet image
