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Molybdenum Market - February 5, 2026

Molybdenum market update on February 5, 2026

The domestic molybdenum market overall showed a relatively favorable trend.

With acceptable downstream inquiries, strong reluctance among suppliers to sell while holding bullish sentiment, and accelerating upward movement in international molybdenum prices, the center of gravity of most product prices shifted slightly upward, with an active transaction atmosphere. Today, molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate prices increased by approximately RMB 50 per tonne-degree, RMB 2,000/ton, and RMB 1,000/ton respectively.

From the bullish factors perspective, first, affected by reduced output at some molybdenum mining enterprises and relatively large procurement volume by downstream users in the previous period, current market spot supply is not abundant, which is conducive to holders raising quotations; second, supported by production costs, suppliers have low willingness to make concessions; third, the warming international molybdenum market has driven upward movement in domestic molybdenum prices. Today, international molybdenum oxide prices were approximately USD 25.5 per pound of molybdenum.

From the bearish factors perspective, first, with the approaching Spring Festival holiday, some suppliers have relatively high initiative to ship goods in order to recover funds as soon as possible; second, greater market uncertainty during the Spring Festival period and tight funding for downstream production enterprises make it difficult for market demand to be released.

On the news front: Price monitoring data from Jiangxi Steel Market and Fuzhou Trade Plaza Steel Market show that in 2025 the average sales prices of the 44 monitored steel varieties in Jiangxi all decreased year-on-year; among them, the average sales prices of wire rod (high-line 6.5, HPB300 and high-line 8, HPB300) were RMB 3,566.79/ton and RMB 3,450.19/ton respectively, decreased by 7.10% and 8.86% year-on-year, and the average sales price of rebar (φ12mm HRB400E) was RMB 3,328.56/ton, decreased by 7.67% year-on-year.

Price of molybdenum products on February 5, 2026

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