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Molybdenum Market - March 11, 2026

Molybdenum market update on March 11, 2026

The domestic molybdenum market is generally showing a weak trend at high levels, with a battle of negotiation between holders aiming to stabilize prices and buyers pushing for better deals, which has put pressure on market performance.

Today, the prices of molybdenum concentrate and molybdenum ferrodecreased by approximately RMB 20/ton-degree and RMB 2,000/ton, respectively.

In the molybdenum concentrate market, there is a general pattern of increasing volume and decreasing prices. Influenced by the lukewarm international molybdenum market and strong price-cutting sentiment from steel companies, many molybdenum mining companies have softened their stance on price holding. However, with the price decline, downstream users have shown a slight increase in purchasing interest, leading to an increase in market transaction volume.

In the molybdenum ferro market, the buying and selling atmosphere is active. While prices offered by intermediate smelting enterprises decreased slightly, steel enterprises concentratedly entered the market for molybdenum-iron bidding, with the bidding price at around RMB 280,000 per ton. Recently, steel companies participating in the bidding include Shandong Steel Rizhao, Shanxi Taigang, Qing Shan Holdings, Angang Steel, CITIC Pacific, Zhejiang Dongte, and Benxi Steel Hengtong.

In the molybdenum chemical and its products market, the situation is temporarily stable, and the product prices fluctuate more gently than raw material prices. This is mainly due to suppliers' lower willingness to cut prices for sales, and end customers mainly maintain just-in-time procurement.

According to customs data, in February 2026, China imported 369,000 tons of steel, a decrease of 19.6% month-on-month; imported 9.7638 million tons of iron ore, a decrease of 13.1% month-on-month; and exported 7.837 million tons of steel, an increase of 1.1% month-on-month. From January to February, China imported a total of 827,000 tons of steel, a year-on-year decrease of 21.7%; imported 21.0023 million tons of iron ore, a year-on-year increase of 10.0%; and exported 15.591 million tons of steel, a year-on-year decrease of 8.1%.

Price of molybdenum products on March 11, 2026

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