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Molybdenum Market - March 26, 2026

Molybdenum market update on March 26, 2026

The domestic molybdenum market is overall showing a stalemate, with the market sentiment slightly stuck between the opposing factors of supply and demand.

Both buyers and sellers are engaged in negotiations, with most product prices fluctuating within a narrow range, and spot trading being limited. Under these market conditions, some industry participants expect molybdenum prices to continue to maintain a weak consolidation in the short term.

In the molybdenum concentrate market, the trading atmosphere is relatively dull. Due to the strong mood among molybdenum iron traders to lower the purchase price of molybdenum concentrate and the poor performance of the international molybdenum market, suppliers have limited motivation to raise their quotations. However, due to production cost support, there is also limited room for the price of molybdenum concentrate to decrease.

In the molybdenum iron market, with many low-price inquiries from steel mills and difficulty in sourcing low-priced materials, the quotations from intermediate smelting enterprises have generally remained firm, around RMB 280,000 per ton.

In the molybdenum chemical products and their market, product prices have not shown significant changes, mainly due to the firm operation of the upstream market, the low willingness of suppliers to lower prices, and end customers generally maintaining just-in-time procurement.

In terms of news, data from the World Steel Association shows that in February 2026, the crude steel production of 69 countries/regions included in the World Steel Association’s statistics was 141.8 million tons, a decrease of 2.2% compared to the same period last year. Among them, Africa's crude steel production was 2 million tons, an increase of 4.7% year-on-year; Asia and Oceania's crude steel production was 105.3 million tons, a decrease of 1.9% year-on-year; the European Union (27 countries) crude steel production was 9.8 million tons, a decrease of 3.6% year-on-year; other European countries' crude steel production was 3.4 million tons, an increase of 3.1% year-on-year; the Middle East's crude steel production was 3.7 million tons, an increase of 0.1% year-on-year; North America's crude steel production was 8.5 million tons, an increase of 0.5% year-on-year; Russia and other CIS countries + Ukraine's crude steel production was 6 million tons, a decrease of 10.5% year-on-year; South America's crude steel production was 3.1 million tons, a decrease of 7.7% year-on-year.

Price of molybdenum products on March 26, 2026

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