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Molybdenum Market - April 17, 2026

Molybdenum market update on April 17, 2026

This week, the domestic molybdenum market overall showed a slightly weaker trend at high levels, mainly due to insufficient driving force for suppliers to raise prices again and weakened purchasing sentiment from downstream users.

Currently, molybdenum product prices are at relatively high levels, with the price of molybdenum raw materials slightly lower than the highest price in 2025 (the highest price of molybdenum concentrate in 2025 was RMB 4,610/ton-degree, molybdenum ferroalloy RMB 296,000/ton, and molybdenum oxide RMB 4,690/ton-degree), while the prices of molybdenum chemicals and their products are slightly higher than the highest price in 2025 (the highest price of ammonium heptamolybdate in 2025 was RMB 280,000/ton, molybdenum powder RMB 520/kg, and molybdenum rods RMB 525/kg). This is also one of the reasons for suppliers' lack of pricing power and the pressure on purchasers' buying behavior.

Since the end of November 2025, the prices of mainstream molybdenum products have significantly increased: the price of molybdenum concentrate increased by about 23.84%, the price of molybdenum ferroalloy increased by about 23.93%, the price of molybdenum oxide increased by about 23.20%, the price of sodium molybdate increased by about 18.71%, the price of ammonium molybdate increased by about 20.60%, the price of ammonium heptamolybdate increased by about 20.76%, the price of molybdenum powder increased by about 20.54%, and the price of molybdenum rods increased by about 20.54%.

According to CTIA GROUP's statistics, this week, the price of molybdenum concentrate decreased by RMB 20/ton-degree, down by 0.44%; the price of sodium molybdate decreased by RMB 1,000/ton, down by 0.49%; the price of ammonium heptamolybdate decreased by RMB 1,000/ton, down by 0.35%; the prices of molybdenum ferroalloy and molybdenum powder showed no significant change; the price of molybdenum oxide decreased by RMB 20/ton-degree, down by 0.43%.

In terms of news, data from the National Bureau of Statistics shows that from January to March 2026, China’s crude steel production was 24.755 million tons, a decrease of 4.6% year-on-year; pig iron production was 21.098 million tons, a decrease of 2.9% year-on-year; steel production was 35.144 million tons, a decrease of 1.7% year-on-year. Among them, in March, China's crude steel production was 8.704 million tons, a decrease of 6.3% year-on-year; pig iron production was 7.328 million tons, a decrease of 3.3% year-on-year; steel production was 13.098 million tons, a decrease of 2.3% year-on-year.

Price of molybdenum products on April 17, 2026

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