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Molybdenum Market - March 12, 2026

Molybdenum market update on March 12, 2026

The domestic molybdenum market is generally showing a stagnant and weak trend.

With the intertwining of both favorable and unfavorable factors, there is intense price negotiation between buyers and sellers. Some molybdenum raw material quotations have been adjusted downwards, such as the prices of molybdenum concentrate and molybdenum ferroalloy, which have decreased by approximately RMB 10 per ton-degree and RMB 1,000 per ton, respectively.

From the favorable factors, first, the recent decline in molybdenum prices, combined with the positive development trends in downstream industries such as new energy, semiconductors, and military, has driven up the willingness of buyers to purchase, leading to a more active market atmosphere. Second, under the backdrop of significant global geopolitical risks and a complex and changing macroeconomic situation, the sharp rise in energy prices has compressed the profit margins of molybdenum suppliers to a certain extent, forcing molybdenum holders to become more determined to maintain prices.

From the unfavorable factors, first, the steel market is sluggish, and steel prices are struggling to rise. Coupled with the increase in oil and gas prices, production costs have risen, which has intensified the price-cutting sentiment among steel enterprises, leading to a slight decrease in the price of molybdenum ferroalloy. Second, the international molybdenum market is lackluster, which makes it difficult to drive a recovery in the domestic molybdenum market.

In terms of news: According to price monitoring data from the Jiangxi steel market and Fuzhou Trade Plaza steel market, among 44 types of steel products monitored in February, 32 saw a decrease, 10 remained flat, and 2 increased. The average sales prices of wire rods (high-line 6.5, HPB300, and high-line 8, HPB300) were RMB 3,606.67 per ton and RMB 3,471.67 per ton, with a month-on-month decrease of 0.26% and 0.49%, respectively, and a year-on-year decrease of 3.34% and 4.23%, respectively. The average sales price of rebar (φ12mm HRB400E) was RMB 3,345.00 per ton, which increased by 0.19% month-on-month but decreased by 4.26% year-on-year.

Price of molybdenum products on March 12, 2026

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