Molybdenum News Center

Molybdenum Market - March 24, 2026

Molybdenum market update on March 24, 2026

The domestic molybdenum market remains weak overall, with product prices fluctuating within a narrow range due to low willingness of suppliers to lower prices and the high caution of buyers.

The prices of ferromolybdenum and molybdenum scrap have decreased by approximately RMB 1,000 per ton and RMB 10 per kilogram, respectively, with actual trading volumes being relatively low.

In the molybdenum concentrate market, influenced by high energy prices and limited capacity release from molybdenum mining companies, supplier quotations have generally remained rational, with transaction prices revolving around RMB 4,430 per ton-degree.

In the ferromolybdenum market, under the backdrop of strong price-cutting sentiment from steel mills and the decline of European ferromolybdenum prices, most intermediate smelting companies have lost confidence in holding prices and have slightly lowered their quotations.

In the molybdenum chemical and its products market, the trading atmosphere is relatively dull, mainly due to a balanced supply and demand relationship. Today, the prices of sodium molybdate, ammonium heptamolybdate, and molybdenum powder are approximately RMB 202,000 per ton, RMB 283,000 per ton, and RMB 533 per kilogram, respectively.

According to the data from the China Iron and Steel Association (CISA), in mid-March 2026, the social inventory of five major steel products in 21 cities was 11.64 million tons, which remained the same month-on-month, increased by 61.4% compared to the beginning of the year, and increased by 7.3% year-on-year. By region, the social inventory of steel in the seven major regions showed both increases and decreases, with East China being the region with the largest increment and increase, South China having the largest decrease, and Southwest China experiencing the largest decline. In mid-March, the social inventory of the five major steel products saw a month-on-month increase for long products, while flat products decreased. Among them, rebar had the largest inventory increase and the highest increase rate, while medium and heavy plates had the largest inventory decrease and the biggest decrease rate. Year-on-year, all five major product inventories increased to varying degrees, with cold-rolled sheets having the largest inventory increase and rise.

Price of molybdenum products on March 24, 2026

Yttrium molybdenum belt picture

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >