For the Quarter Ending September 2025
North America
• In the United States, the Sodium Molybdate Price Index rose quarter-over-quarter in Q3 2025, driven by escalating production costs.
• Production costs increased due to a 3.0% CPI rise in September 2025, reflecting higher energy and labor expenses.
• The Producer Price Index rose 2.6% in August 2025, contributing to elevated Sodium Molybdate input costs.
• US natural gas prices experienced a year-over-year uptick in Q3 2025, impacting Sodium Molybdate feedstock expenses.
• Sodium Molybdate demand outlook was mixed, with industrial production strengthening 0.1% year-over-year in September 2025.
• Consumer confidence declined to 94.2 in September 2025, impacting indirect demand for applications.
• Retail sales increased 5.42% year-over-year in September 2025, indirectly supporting industrial activity and demand.
• The Sodium Molybdate Price Forecast suggests continued upward pressure from energy costs and inflation next quarter.
Why did the price of Sodium Molybdate change in September 2025 in North America?
• Sodium Molybdate production costs rose due to a 3.0% CPI increase in September 2025, reflecting broader inflation.
• Higher natural gas prices in Q3 2025, a key feedstock, significantly increased manufacturing expenses.
• Despite modest industrial production growth, declining consumer confidence in September 2025 tempered overall demand.
APAC
• In China, the Sodium Molybdate Price Index rose quarter-over-quarter in Q3 2025, driven by increased feedstock costs and tightened supply.
• Production costs for Sodium Molybdate increased during Q3 2025, due to rising molybdenum concentrate costs in July and August 2025.
• Demand for Sodium Molybdate strengthened in Q3 2025, supported by robust automotive production and sales in China.
• Industrial production increased 6.5% year-on-year in September 2025, positively impacting Sodium Molybdate consumption.
• Molybdenum concentrate supply tightened from July 2025, due to a major regional mining operation's production suspension.
• China's Manufacturing Index contracted in September 2025, indicating a slowdown in overall manufacturing activity.
• In September 2025, the Producer Price Index (PPI) declined 2.3% year-on-year, reflecting weak industrial demand.
• Consumer Price Index (CPI) fell 0.3% year-on-year in September 2025, signaling deflationary pressures.
• Retail sales grew 3.0% year-on-year in September 2025, supporting consumer demand for Sodium Molybdate applications.
Why did the price of Sodium Molybdate change in September 2025 in APAC?
• Molybdenum concentrate costs increased significantly in July 2025, raising production expenses.
• Molybdenum concentrate supply tightened from July 2025 due to a regional mining operation suspension.
• Automotive demand strengthened in Q3 2025, boosting Sodium Molybdate consumption.
Europe
• In Germany, the Sodium Molybdate Price Index fell quarter-over-quarter, driven by contracting industrial production and declining demand in Q3 2025.
• Sodium Molybdate production costs faced mixed pressures in Q3 2025, with moderating natural gas prices offset by elevated electricity costs.
• In September 2025, rising CPI (2.4%) indicated inflationary pressures, while PPI (-1.7%) suggested some Sodium Molybdate cost relief.
• Industrial demand for Sodium Molybdate faced headwinds in Q3 2025, as Germany's Manufacturing Index contracted in September 2025.
• Overall industrial production declined by 1.0% year-over-year in September 2025, dampening Sodium Molybdate demand in key sectors.
• Agricultural demand for Sodium Molybdate in fertilizers strengthened in Germany during Q3 2025, despite a suffering automotive sector.
• German exports of goods experienced a slight decline in Q3 2025, impacting Sodium Molybdate trade flows.
• Negative consumer confidence (-23.6 index) in September 2025 indirectly contributed to a bearish outlook for Sodium Molybdate demand.
Why did the price of Sodium Molybdate change in September 2025 in Europe?
• Industrial production declined by 1.0% year-over-year in September 2025, reducing Sodium Molybdate consumption.
• Germany's Manufacturing Index contracted in September 2025, signaling weaker industrial Sodium Molybdate demand.
• Negative consumer confidence (-23.6 index) in September 2025 indirectly dampened overall Sodium Molybdate demand.
For the Quarter Ending March 2023
North America
The demand for Sodium Molybdate in North America remained moderate to low in the first quarter of 2023. Slow economic activity was the primary driving factor, despite production continuing without any interruptions.
Although the demand for dye and pigment, and water treatment showed some improvement by the end of the quarter, it remained lower than expected due to prolonged inflationary pressure.
Additionally, concerns about the FED’s frequent price revisions on domestic interest rates were putting pressure on the country’s economy and affecting demand for the product. Labor shortage also remained a matter of concern for the country, which led the Houston port to close for a couple of days.
Asia
The Indian market for Sodium Molybdate witnessed a significant price drop of 19.7% in March 2023 due to lower demand and increased supply, including cheaper imports from China and South Korea. Although production activities remained strong in India, the decrease in prices was supported by a decline in overseas demand. Additionally, Chinese producers had high inventories, anticipating an increase in demand from both domestic and foreign markets, which did not materialize, leading to an abundance of the product in the market. As a result, imported products were cheaper than initially expected, further impacting the price drop.
Europe
The European economy has been underperforming due to the impact of the Russia-Ukraine war, which has affected regional economic activities. Demand for Sodium Molybdate from the domestic automotive sector has been low, while other sectors, such as water treatment and fertilizers, have also experienced seasonally low demand. Despite some supply chain disruptions caused by snow, supplies remained stable to firm, and the narrow demand-supply gap supported a downward price trend. The threat of recession decreased, leading to optimism for future demand.
