2026年2月25日钼价和钢价一览 | | | 中钙在线主要钥产品与钢材报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2026年2月25日 | | | | | 产品名称 | | 规格/含量 | 中钨在线报价 | 涨跌 | 車位 | | | 領鉄 | Mo60 | 276,000.00 | - | 元/吨 | | | 領精矿 | 40-45% | 4,250.00 | r | 元/吨度 | | | 領数的 | ≥98% | 191,000.00 | - | 71/吨 | | 书 | 四钥酸铵 | 级品 | 263,000.00 | - | 元/吨 | | 广 | 七钼酸铵 | 级品 | 268,000.00 | - | 元/吨 | | | 組粉 | MP-1 | 505.00 | - | 元/千克 | | | 相条 | Mo-1 | 507.00 | - | 元/千克 | | | 氧化钼 | ≥51% | 4.320.00 | - | 元/吨度 | | | 废領 | WWWWWW10 VOden405100 COM | | CH | 元/千克 | ...

Group 1: Molybdenum Market Overview - The domestic molybdenum market experienced a positive start after the holiday, with most product prices significantly increasing. Molybdenum concentrate prices rose by approximately 80 yuan/ton, molybdenum iron prices increased by about 5,000 yuan/ton, and molybdenum powder prices went up by around 5 yuan/kg [1][4]. - Key factors influencing the molybdenum market include a reduction in molybdenum product imports during the Spring Festival and a decrease in production from domestic manufacturers, both contributing to rising prices. Additionally, international molybdenum prices fluctuated significantly during the holiday period [1][4]. Group 2: Steel Inventory Data - According to the China Iron and Steel Association, the steel inventory of key statistical steel enterprises reached 15.11 million tons in early February 2026, an increase of 400,000 tons (2.7%) compared to the previous period, and a rise of 970,000 tons (6.9%) since the beginning of the year [2][5]. - Year-on-year comparisons show a decrease of 1.1 million tons (6.8%) compared to the same period last year, and a reduction of 1.02 million tons (6.3%) compared to two years ago. Regionally, steel inventories increased in Northeast (350,000 tons), Northwest (40,000 tons), Southwest (30,000 tons), and Central South (240,000 tons) regions, while inventories decreased in North China (160,000 tons) and East China (110,000 tons) [2][6].

Group 1: Molybdenum Market Overview - The domestic molybdenum market is maintaining a stable operation, with many traders entering vacation mode as the Spring Festival approaches, leading to reduced market participation and no significant price fluctuations [5][6] - Current prices for molybdenum concentrate, molybdenum iron, and molybdenum oxide are approximately 4,170 yuan/ton, 271,000 yuan/ton, and 4,240 yuan/ton respectively [5][6] Group 2: Steel Production Data - In late January 2026, key steel enterprises produced a total of 21.3 million tons of steel, with an average daily output of 1.936 million tons, reflecting a month-on-month increase of 3.2% [2][6] - Regional production increases include 19,000 tons in Northeast China, 23,000 tons in North China, 19,000 tons in East China, and 6,000 tons in Central South China, while Northwest and Southwest China saw decreases of 5,000 tons and 3,000 tons respectively [2][6]

Core Insights - Molybdenum is a critical transition metal with high melting point and strength, categorized into four main forms: pure molybdenum, molybdenum alloys, molybdenum compounds, and molybdenum products [1][2][3] - The global molybdenum market is characterized by a long-term tight balance, with a projected demand gap of 0.39 million tons in 2024, which may expand in the future [1][7] - China holds a significant advantage in molybdenum reserves, becoming the core support for global molybdenum industry development, with production and consumption both leading globally [1][9] Industry Overview - The molybdenum industry is divided into three main segments: upstream (exploration and mining), midstream (smelting and processing), and downstream (deep processing and end applications) [5][6] - Upstream is dominated by major enterprises that control core resources, while midstream is characterized by high industry concentration but relies on imported high-end technologies [5][6] - Downstream applications are primarily in the steel industry, with rapid growth in emerging fields such as renewable energy and aerospace [1][6] Policy and Strategic Importance - Recent policies from the Chinese government aim to regulate resource management and promote industry upgrades, including export controls and support for green mining technologies [6][7] - Molybdenum is classified as a strategic mineral due to its scarcity and concentrated global distribution, with China, the US, and Peru being the top three countries in terms of reserves [6][7] Supply and Demand Dynamics - Global molybdenum production is expected to remain between 262,100 tons and 290,200 tons from 2020 to 2024, with consumption fluctuating between 247,600 tons and 294,100 tons [7][8] - In 2024, China's molybdenum production is projected to reach 133,700 tons, with consumption also on the rise, reflecting a compound annual growth rate of 6.78% from 2020 to 2024 [10][11] Competitive Landscape - The Chinese molybdenum industry is characterized by an oligopolistic structure, with leading companies like Jinduicheng Molybdenum Co., Ltd. and Luoyang Molybdenum Co., Ltd. controlling approximately 70% of the market share [11][12] - The competition is intensifying as smaller firms focus on niche markets, while larger firms leverage their resources and technology to maintain a competitive edge [11][12] Future Development Trends - The industry is expected to shift towards green and intelligent resource development, with a focus on efficient utilization of low-grade and associated molybdenum ores [12][13] - There will be a transition from traditional raw material output to high-end manufacturing, with an emphasis on domestic production of high-purity molybdenum products and specialized alloys [12][13] - Demand for molybdenum is anticipated to grow in both traditional sectors and emerging fields, with strategic support from policies aimed at enhancing the high-potential areas of the industry [12][14]

Core Viewpoint - The domestic molybdenum market is experiencing downward pressure due to declining steel demand and prices, increased profit-taking by suppliers, weak international molybdenum market conditions, and a lack of confidence among industry players regarding future market trends [7]. Molybdenum Market Summary - The overall molybdenum market is under pressure, with prices for molybdenum concentrate dropping to approximately ¥3,990 per ton due to reduced downstream inquiry activity and fluctuating overseas molybdenum prices [2][7]. - Molybdenum iron prices have decreased by about ¥3,000 per ton, influenced by steel companies' price-cutting sentiments and reduced quotes from molybdenum mining companies, although some steel enterprises are still willing to bid for molybdenum iron [3][7]. Steel Market Summary - According to data from the China Iron and Steel Association, as of early January 2026, the social inventory of five major steel products in 21 cities is 7.11 million tons, a decrease of 100,000 tons or 1.4% month-on-month, but an increase of 480,000 tons or 7.2% year-on-year [8]. - The inventory changes vary by region, with East China showing the largest reduction and Central China the largest decline. Among the five major steel products, wire rods saw the largest increase, while rebar experienced the largest decrease in inventory [8].

Group 1: Market Overview - The domestic molybdenum market showed a pattern of initial decline followed by recovery during the week, with prices initially continuing the downward trend from the previous week due to a lack of favorable support and a stalemate in negotiations between buyers and sellers [6] - As the weekend approached, rising steel prices, improving international molybdenum market conditions, and a strong willingness among raw material suppliers to hold prices up contributed to increased confidence among intermediate smelting enterprises to raise their quotes [6] Group 2: Price Changes - Molybdenum concentrate prices increased by approximately 10 CNY/ton, reflecting a rise of 0.27%; molybdenum iron prices rose by about 7,000 CNY/ton, with a growth of 2.95%; and molybdenum oxide prices also saw an increase of around 10 CNY/ton, up by 0.26% [2][6] - Molybdenum powder prices decreased by 3 CNY/kg, marking a decline of 0.66%, while prices for sodium molybdate and ammonium heptamolybdate remained stable compared to the previous week [2][6] Group 3: Steel Inventory Data - According to the China Iron and Steel Association, as of mid-December 2025, the inventory of steel products among key statistical steel enterprises reached 16.01 million tons, an increase of 1.26 million tons or 8.6% from the previous period [7] - Compared to the beginning of the year, steel inventory increased by 3.64 million tons, a growth of 29.5%; it also rose by 400,000 tons or 2.6% compared to the same period last month [7] - Year-on-year, the inventory increased by 1.37 million tons, up 9.4%, and compared to the same period two years ago, it rose by 990,000 tons, reflecting a growth of 6.6% [7]

Core Viewpoint - Liaoning Chuangshi Molybdenum Industry (Group) Co., Ltd. has successfully listed on the National Equities Exchange and Quotations (NEEQ), with Shenwan Hongyuan as the lead underwriter, indicating a significant milestone for the company and its growth strategy [1]. Company Overview - Established in 2006, Chuangshi Molybdenum specializes in the research, production, processing, and sales of molybdenum series products, including molybdenum iron alloy, molybdenum oxide, ammonium molybdate, high-purity molybdenum trioxide, molybdenum powder, and molybdenum metal [1]. - The company has developed into a large enterprise engaged in the entire line of research, production, and sales of molybdenum products, from rough processing to deep processing, after over a decade of technological accumulation [1]. Market Position - Chuangshi Molybdenum is positioned as a leading enterprise in the domestic molybdenum iron alloy industry, with its main product, molybdenum iron alloy, ranking among the top in domestic sales market share in 2024 [1]. Future Strategy - The company plans to extend its industrial chain by engaging in mineral mining through its subsidiary, Mongolian Molybdenum Metal Company, to ensure stable raw material supply, reduce procurement costs, enhance overall operational efficiency, and improve risk resistance [1]. - Shenwan Hongyuan's support aligns with the national innovation-driven development strategy, providing a solid foundation for Chuangshi Molybdenum's future industrial chain upgrades and the layout of rhenium series products [1].

Core Insights - The overall trend of molybdenum prices in China for November 2025 shows a significant decline, with various molybdenum products experiencing price drops compared to the previous month [3][4] - Despite the recent price decreases, current molybdenum prices remain relatively high compared to the lowest points earlier in the year [4] Price Trends - Molybdenum concentrate price decreased by approximately 14.72%, molybdenum iron by 13.33%, and ammonium molybdate by 10.73% in November 2025 [3] - The average prices for various molybdenum products in November 2025 are as follows: - Molybdenum concentrate: 3,860 CNY/ton, down 12.43% month-on-month, up 3.54% year-on-year - Molybdenum iron: 249,100 CNY/ton, down 10.93% month-on-month, up 3.36% year-on-year - Molybdenum oxide: 3,972 CNY/ton, down 11.95% month-on-month, up 3.87% year-on-year - Sodium molybdate: 176,700 CNY/ton, down 8.97% month-on-month, up 4.85% year-on-year - Ammonium tetrathiomolybdate: 241,300 CNY/ton, down 9.83% month-on-month, up 5.13% year-on-year - Ammonium heptamolybdate: 246,000 CNY/ton, down 9.54% month-on-month, up 5.34% year-on-year - Molybdenum powder: 465 CNY/kg, down 7.19% month-on-month, up 7.14% year-on-year - Molybdenum rods: 471 CNY/kg, down 6.92% month-on-month, up 1.29% year-on-year [6] Market Influences - Short-term price declines are attributed to weak international molybdenum market conditions, fluctuating steel prices, and a lack of effective support from production costs [3] - The trading sentiment among merchants, characterized by a "buy high, sell low" mentality, has further exacerbated the downward price trend [3]

Core Insights - Fuquan Luanhang New Materials Co., Ltd. is rapidly expanding its production capacity and investment in the molybdenum industry, contributing to high-quality industrial economic development [1][4]. Group 1: Company Overview - Fuquan Luanhang New Materials Co., Ltd. is engaged in the production, processing, and trading of molybdenum metal materials, including molybdenum concentrate roasting and molybdenum iron smelting [4]. - The company has established a stable sales network, with products primarily sold to large steel mills in Fujian, Henan, and Shaanxi provinces [4]. Group 2: Production Capacity - The company currently operates three rotary kiln production lines dedicated to molybdenum oxide production and one production line for molybdenum iron [6]. - In December 2023, the company invested 150 million yuan to build a production line with an annual capacity of 20,000 tons of molybdenum concentrate roasting and a 10,000-ton molybdenum iron smelting processing line [4]. Group 3: Employment and Community Impact - The establishment and expansion of Fuquan Luanhang have created numerous job opportunities for local residents, enabling many to achieve stable employment close to home [6]. Group 4: Future Plans - The company plans to implement new projects to further extend its industrial chain, enhance resource utilization efficiency, and improve overall competitiveness [8]. - Future plans include acquiring over 30 acres of land for an additional molybdenum oxide production line, as well as facilities for material recovery and auxiliary processing [8].