Molybdenum News Center

Molybdenum Market - April 23, 2026

Molybdenum market update on April 23, 2026

The domestic molybdenum market has performed well overall, with the price focus of mainstream products shifting slightly upwards, and the market atmosphere for buying and selling is active.

It is worth mentioning that today’s price increase has led most product prices to break through the highest price levels of 2025. Among them, the price of molybdenum concentrate has risen to RMB 4,650/ton-degree, surpassing the 2025 high of RMB 4,610/ton-degree; the price of ammonium heptamolybdate has risen to RMB 287,000/ton, surpassing the 2025 high of RMB 276,000/ton; the price of molybdenum iron has risen to RMB 296,000/ton, maintaining the same level as the 2025 high.

According to CTIA Group's online platform, the main reasons for this round of price increases are that some molybdenum mining companies have raised their shipment prices, downstream inquiry and procurement enthusiasm remains decent, and recent fluctuations in international molybdenum prices have been upward. On April 22, a certain mine in Henan sold 100 tons of 45%-50% molybdenum concentrate at a transaction price of RMB 4,655/ton-degree; on April 22, a certain mine in Luoyang held a tender for 810 tons of 45%-55% molybdenum concentrate, with a starting price of RMB 4,540/ton-degree. Recently, steel companies entering the tender process include Dongfang Special Steel, Jiangsu Yonggang, Xinxing Casting, Anyang Yongxing Special Steel, and others. As of now, the total amount of molybdenum iron tendered by steel companies in April has exceeded 10,000 tons.

In terms of news, in the first quarter of 2026, China’s Gross Domestic Product (GDP) reached RMB 33,419.3 billion, with a year-on-year growth of 5.0% at constant prices, an increase of 0.5 percentage points compared to the fourth quarter of the previous year, indicating a good start to economic performance. By industry, the added value of the primary industry was RMB 1,194.1 billion, increasing by 3.8% year-on-year, contributing 2.6% to economic growth; the added value of the secondary industry was RMB 11,613.5 billion, increasing by 4.9% year-on-year, contributing 34.1% to economic growth; the added value of the tertiary industry was RMB 20,611.7 billion, increasing by 5.2% year-on-year, contributing 63.2% to economic growth. In terms of industrial structure, the shares of the added value of the primary, secondary, and tertiary industries in GDP were 3.6%, 34.8%, and 61.7%, respectively. Compared with the same period last year, the share of the primary and secondary industries decreased by 0.1 percentage points and 0.3 percentage points, respectively, while the share of the tertiary industry increased by 0.4 percentage points.

Price of molybdenum products on April 23, 2026

TZM bar picture

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

• < Prev
• Next >