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 | ...

节后首个交易日，国内钼市整体迎来开门红，多数产品价格重心明显上移，其中钼精矿价格约涨80元/ 吨度，钼铁价格约涨5,000元/吨，钼粉价格约涨5元/千克。据中钨在线了解，影响国内钼市行情的因素 主要有：一是春节期间，我国钼制品进口量减少，同时国内多数钼制造商产量下降，二者共同推动钼产 品价格上扬；二是春节期间，国际钼价波动较大；三是春节假期结束后，下游用户陆续开启采购计划， 增强了供应商提价信心，报价普遍上调。 2026年2月24日钼价和钢价一览 | | | 中鸽在线主要钥产品与钢材报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2026年2月24日 | | | | | 产品名称 | | 规格/含量 | 中钨在线报价 | 涨跌 | 単位 | | | 領鉄 領精矿 | Mo60 40-45% | 276,000.00 4.250.00 | ↑ 5,000 180 | 元/吨 元/吨度 | | | 領数的 | ≥98% | 191,000.00 | 1 2,000 | 元/吨 | | 非 | 四钼酸铵 | 级品 | 263,000.00 | 1 4, ...

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Summary of Molybdenum Market Insights Industry Overview - The report focuses on the molybdenum market, specifically the price trends and production dynamics of molybdenum concentrate and molybdenum iron in China and globally [1][2][3]. Key Points and Arguments Price Trends - The average price of molybdenum concentrate in 2025 is projected to be 3,842 RMB, with significant fluctuations throughout the year [1][3]. - Prices dropped to 3,300 RMB in March due to market stagnation and external pressures, then surged to nearly 4,600 RMB in June-July following a mining accident in Inner Mongolia [2][3]. - By September, prices corrected to around 3,500 RMB as production resumed, with a stabilization expected between 3,600-4,000 RMB by November [2][3]. Production Dynamics - Monthly production of molybdenum concentrate is approximately 26,000 tons, primarily from regions like Northeast China, Inner Mongolia, and Henan [1][8]. - Molybdenum iron production is around 21,000 tons per month, with a 10% year-on-year increase expected in 2025, primarily serving the steel industry [1][9]. - The chemical sector accounts for 20% of molybdenum consumption, with slow growth in ammonium molybdate and a decline in molybdenum powder consumption [1][10]. Supply and Demand Forecast - The supply-demand balance is expected to remain stable in 2026, with price fluctuations projected between 3,500 and 4,500 RMB [1][6]. - The anticipated increase in molybdenum concentrate production in 2026 will mainly come from projects in Tibet and upgrades in Central China [1][16]. - Global molybdenum market growth is expected to exceed 4%, with domestic and international supply increments roughly balanced [1][17]. Factors Influencing Prices - The historical correlation between molybdenum prices and production levels indicates that high prices typically lead to increased production, while downturns result in reduced output [1][4]. - Recent years have seen production declines in major producing countries like Chile and Peru, contributing to rising global prices [1][19]. - China's import of molybdenum is expected to increase slightly, reflecting ongoing reliance on foreign resources despite domestic production growth [1][21]. Sector-Specific Demand - The steel industry shows a continuous increase in molybdenum demand, with growth rates for molybdenum-containing steel projected to exceed 4% [1][18]. - Emerging sectors such as aerospace, military, and renewable energy are expected to drive future demand for molybdenum products [1][32]. Additional Important Insights - Environmental policies and safety incidents have been noted to cause market volatility, although they do not fundamentally alter overall supply [1][25]. - Trade dynamics, including high inventories among traders and downstream enterprises, suggest a cautious approach to stockpiling in anticipation of price movements [1][26]. - The financial attributes of the molybdenum market can amplify price fluctuations, particularly in periods of supply-demand imbalance [1][37]. This comprehensive overview captures the essential insights from the molybdenum market analysis, highlighting the interplay between production, pricing, and sector-specific demand trends.

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].

Core Insights - The company has successfully reduced its reliance on imported key materials by achieving efficient production capacity, with orders extending until May of this year and production lines operating at full capacity [3][4]. Group 1: Production and Capacity - The company has automated its production processes, with a digital control system overseeing the entire production line, resulting in an annual output of 20,000 tons of molybdenum new materials and a production value exceeding 5 billion yuan for the first time [3]. - The company has invested over 40 million yuan in automation, digitalization, and intelligent upgrades, introducing 129 sets of intelligent equipment and 6 core digital systems to enhance production efficiency and optimize costs [3]. Group 2: Product Applications and Market - Molybdenum new materials produced by the company are widely used in aerospace, petrochemicals, electronics, and high-end semiconductors, indicating a diverse application range [3]. - The company has established a complete industrial chain that includes high-purity ammonium molybdate, high-purity molybdenum trioxide, molybdenum powder, molybdenum products, and molybdenum alloys, catering to high-end markets such as sputtering targets and aerospace applications [3][4]. Group 3: Innovation and Recognition - A project completed in collaboration with Chengdu Hongbo and Sichuan University won the Sichuan Provincial Science and Technology Progress Award for developing key preparation technologies for high-purity molybdenum powder, achieving a new green metallurgy model [4]. - The company has built the world's largest 4N-grade molybdenum powder demonstration line, ensuring the self-sufficiency of high-purity molybdenum products and enhancing supply chain security for the electronics and energy industries [4].

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]

Group 1: Molybdenum Market Overview - The domestic molybdenum market is experiencing a weak overall performance, with most product prices showing slight declines and general trading activity being moderate [5]. - Prices for molybdenum iron, ammonium molybdate, and molybdenum powder have decreased by approximately ¥1,000 per ton, ¥1,000 per ton, and ¥3 per kilogram, respectively [5]. - Factors such as significant resistance to price increases in steel, ample market supply, and limited international molybdenum price increases are contributing to the lack of upward pressure on supplier quotes [5]. Group 2: Steel Prices Overview - The steel market is facing challenges with price increases, as the supply of spot market products is high, leading to limited upward movement in prices [5]. - Specific steel products such as rebar and hot-rolled coils are listed with their respective prices, indicating a mixed trend in pricing [4][5]. Group 3: Company Acquisition Announcement - On December 15, 2025, Luoyang Molybdenum Co., Ltd. announced that its subsidiary signed an agreement to acquire 100% equity in Leagold LatAm Holdings B.V. and Luna Gold Corp. from Equinox Gold Corp. for $1.015 billion [6]. - This acquisition will provide Luoyang Molybdenum with full ownership of several gold mining projects, including the Aurizona and RDM gold mines, as well as the Bahia complex [6].

Group 1: Molybdenum Market Overview - The domestic molybdenum market is currently in a stalemate, with intense price negotiations between buyers and sellers, leading to a sluggish purchasing atmosphere and slow order growth [7][8] - In the molybdenum concentrate market, prices are stable around 3,700 yuan/ton due to general downstream demand and strong price support from suppliers [2][7] - The molybdenum iron market remains under pressure, primarily due to difficulties in raising steel procurement prices and production costs not effectively supporting molybdenum iron prices [3][7] Group 2: Molybdenum Chemical Products - The molybdenum chemical products market is stable, with prices mainly influenced by fluctuations in raw material costs, with current prices for sodium molybdate, ammonium heptamolybdate, and molybdenum powder at approximately 173,000 yuan/ton, 238,000 yuan/ton, and 453 yuan/kg respectively [8] - A recent sale of 544 tons of 40%-45% molybdenum concentrate from a mine in Jiangxi was completed at a price of 3,660 yuan/ton [2][7] Group 3: Steel Production Data - According to the China Iron and Steel Association, in early December 2025, key steel enterprises produced a total of 18.69 million tons of crude steel, with an average daily output of 1.869 million tons, reflecting a month-on-month increase of 2.8% [8] - Regional analysis shows that crude steel daily output increased in North China by 56,000 tons, East China by 11,000 tons, and Northwest China by 9,000 tons, while decreases were noted in Northeast China by 6,000 tons, Southwest China by 9,000 tons, and Central South China by 10,000 tons [8]

Group 1: Molybdenum Market Overview - On December 15, 2025, the domestic molybdenum market maintained a steady but weak trend, with reduced purchasing enthusiasm from downstream users and decreased cost support for product prices, leading to some molybdenum mining companies adjusting their quotes downwards [6]. - The prices for molybdenum concentrate and molybdenum oxide both decreased by 20 yuan per ton, with current prices at approximately 3,700 yuan per ton for molybdenum concentrate and 3,800 yuan per ton for molybdenum oxide [6]. - Molybdenum ferroalloy, sodium molybdate, and molybdenum powder prices remained stable at around 240,000 yuan per ton, 173,000 yuan per ton, and 238,000 yuan per ton, respectively [6]. Group 2: Steel Market Overview - In November, the industrial added value for large-scale industries increased by 4.8% year-on-year and 0.44% month-on-month, with 310 out of 623 products showing production growth [6]. - Steel production reached 11,591 million tons, reflecting a year-on-year decline of 2.6% [6]. - The production of ten non-ferrous metals was 699 million tons, marking a growth of 4.7%, while ethylene production increased by 7.3% to 309 million tons [6].