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Molybdenum Market - March 5, 2026

Molybdenum market update on March 5, 2026

The domestic molybdenum market continues to maintain a positive trend, mainly reflected in the fact that the prices of most products remain firm at high levels, and traders are showing high levels of market activity.

Today, the prices of molybdenum concentrate, molybdenum ferroalloy, and ammonium heptamolybdate are approximately RMB 4,460 per ton-degree, RMB 287,000 per ton, and RMB 279,000 per ton, respectively.

In the molybdenum concentrate market, the trading atmosphere is good, and molybdenum mining enterprises are willing to sell. Recently, a mine in Jiangxi sold 320 tons of 40%-45% molybdenum concentrate at a transaction price of RMB 4,450 per ton-degree; a mine in Yunnan sold 160 tons of molybdenum concentrate with a grade of 40%-45% at RMB 4,432 per ton-degree; a mine in Jilin offered 50-55% molybdenum concentrate at RMB 4,450 per ton-degree.

In the molybdenum ferroalloy market, under the circumstances of limited availability of low-priced goods and a relatively stable performance in steel tender volumes and prices, the quotes from intermediate smelting enterprises have remained firm. Recently, steel enterprises such as Dongfang Special Steel, Shandong Steel, Angang Heavy Machinery, Jiangsu Shagang Huai Steel, and Shandong Steel Laiwu have been bidding for molybdenum ferroalloy.

In the molybdenum chemical products and its products market, the overall atmosphere is cautious, with limited new orders. This is mainly due to the fact that end customers are purchasing based on just-in-time needs, and stockholders are less willing to reduce prices to sell.

In terms of news, data from the China Iron and Steel Association shows that in late February, the social inventory of five major steel products in 21 cities reached 10.88 million tons, an increase of 1.35 million tons, up by 14.2% compared to the previous month; it increased by 3.67 million tons, up by 50.9% compared to the beginning of the year; it decreased by 150,000 tons, down by 1.4% compared to the same period last year. By region, East China saw the largest increase in inventory, while Northwest China had the largest increase rate. During the same period, the social inventory of all five major steel products increased compared to the previous month, with rebar showing the largest increase in both inventory and growth rate. Year-on-year, most products saw a decrease in inventory, with rebar having the largest reduction in both inventory and decrease rate, while cold-rolled sheet showed the largest increase in both inventory and growth rate.

Price of molybdenum products on March 5, 2026

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