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Molybdenum Market - February 26, 2026

Molybdenum market update on February 26, 2026

The domestic molybdenum market overall showed a relatively favorable trend.

With strong reluctance among suppliers to sell while firmly supporting prices, increased downstream inquiries, and the continuously prominent status of strategic metal resources, the center of gravity of most product prices shifted significantly upward, with actual transaction volume expanding. Today, molybdenum concentrate prices increased by approximately RMB 170 per tonne-degree, ferromolybdenum prices increased by approximately RMB 7,000/ton, and molybdenum powder prices increased by approximately RMB 15/kg.

According to CTIA GROUP LTD, the main reasons for this price increase include: first, the large price difference between domestic and international markets, with international molybdenum prices higher than domestic ones, which to a certain extent suppressed an increase in China's molybdenum product imports while further enhancing confidence among domestic holders to raise prices; second, after the Spring Festival holiday ended, downstream enterprises gradually resumed production and procurement, somewhat increasing market transaction activity. Recently, a mine in Henan sold 200 tons of molybdenum concentrate with grade above 45% at a transaction price of RMB 4,415 per tonne-degree. A mine in Jiangxi sold 128 tons of molybdenum concentrate with grade 35%-40% at RMB 4,420 per tonne-degree and 96 tons of molybdenum concentrate with grade 40%-45% at RMB 4,435 per tonne-degree.

On the news front: Data from the China Iron and Steel Association show that in mid-February 2026, social inventory of the five major steel varieties in 21 cities was 9.53 million tons, increased by 1.72 million tons month-on-month, up 22.0%, with rapid inventory increase; increased by 2.32 million tons from the beginning of the year, up 32.2%; decreased by 1.20 million tons compared to the same period last year, down 11.2%. By region, social steel inventory in the seven major regions all increased month-on-month, with East China having the largest volume increase and Northeast having the largest percentage increase. During the same period, social inventory of the five major steel varieties all increased month-on-month, with rebar having the largest volume increase and wire rod having the largest percentage increase; year-on-year, most varieties saw inventory decreases, with rebar having the largest volume reduction and percentage decline, while cold-rolled coil had the largest volume increase and percentage increase.

Price of molybdenum products on February 26, 2026

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