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Molybdenum Market - March 10, 2026

Molybdenum market update on March 10, 2026

The domestic molybdenum market remains strong at high levels. In the context of a complex and volatile macroeconomic situation and the increasing strategic importance of metal resources, the atmosphere between buyers and sellers is slightly tense, with no significant fluctuations in product prices, and actual transaction volumes are limited.

In the molybdenum concentrate market, the atmosphere is dominated by wait-and-see sentiment. Although downstream demand has not significantly increased, the slow growth of market spot supply and strong support from production costs have made sellers reluctant to lower prices. Today, the transaction price for molybdenum concentrate is around RMB 4,460 per ton-degree.

In the ferromolybdenum market, the overall situation remains under pressure. Due to the generally weak steel market performance and the difficulty in purchasing low-priced goods, intermediate smelting enterprises have limited room to adjust their quotations. The mainstream quotation is around RMB 287,000 per ton.

In the molybdenum chemical and product market, product prices are mainly influenced by supply and demand relationships and the trends of upstream raw materials. Under the current relatively balanced supply and demand situation and strong performance in the raw material market, the prices of ammonium molybdate, molybdenum powder, and molybdenum bars have remained stable.

In terms of news, data from the China Iron and Steel Association shows that in the second half of February 2026, key steel enterprises produced 16.22 million tons of crude steel, with an average daily output of 2.027 million tons, a decrease of 0.1% month-on-month; 15.18 million tons of pig iron, with an average daily output of 1.897 million tons, an increase of 2.9% month-on-month; 16.89 million tons of steel products, with an average daily output of 2.111 million tons, an increase of 11.0% month-on-month. Based on this, it is estimated that the national daily output of crude steel is 2.5 million tons, a decrease of 0.1% month-on-month; the daily output of pig iron is 2.29 million tons, an increase of 2.9% month-on-month; and the daily output of steel products is 4.1 million tons, an increase of 3.0% month-on-month.

Price of molybdenum products on March 10, 2026

Yttrium molybdenum belt picture

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