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Molybdenum Market - April 7, 2026

Molybdenum market update on April 7, 2026

On Monday, the domestic molybdenum market remained stable, with product prices generally consolidating at high levels due to steady downstream demand and strong bullish sentiment from suppliers.

Transactions were acceptable. Today, the prices of molybdenum concentrate, molybdenum iron, and ammonium heptamolybdate were approximately RMB 4,450 per ton-degree, RMB 286,000 per ton, and RMB 281,000 per ton, respectively. Recently, steel companies bidding for molybdenum iron include Shandong Steel Rizhao, Jiangsu Zhongtian, Hebei Handan Steel, Ansteel, Jiangsu Changqiang, and CITIC Heavy Industries. On April 8, a mine in Luoyang plans to sell 810 tons of molybdenum concentrate online, with a bidding floor price of RMB 4,430 per ton-degree.

In terms of news, according to data from the China Iron and Steel Association (CISA), by the end of March 2026, the social inventory of five major types of steel in 21 cities totaled 11.42 million tons, a decrease of 220,000 tons, or 1.9%, compared to the previous month; an increase of 4.42 million tons, or 58.4%, compared to the beginning of the year; and an increase of 1.06 million tons, or 10.2%, compared to the same period last year. Regionally, most of the seven major regions showed a decrease in social steel inventory, with South China seeing the largest reduction, North China showing the largest decrease, and Northwest China experiencing the largest increase in both volume and percentage.

Price of molybdenum products on April 7, 2026

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