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Molybdenum Market - May 14, 2026

Molybdenum market update on May 14, 2026

The domestic molybdenum market overall shows a trend of withholding and bullish sentiment. Currently, the market is gradually digesting the sentiment brought by the previous molybdenum price increase, and the enthusiasm for trading in the market has accordingly decreased.

In the molybdenum concentrate market, after the recent several days of continuous sharp price jumps, suppliers’ motivation to raise prices sharply again is somewhat insufficient. Currently, mainstream quotations are around RMB 5,250/ton-degree. At present, industry participants are focusing on downstream market inquiries and actual purchasing follow-up.

In the ferromolybdenum market, overall operations are under pressure. Although post-holiday steel tender volumes and prices performed relatively well, and ferromolybdenum selling prices have also increased, intermediate smelting enterprises still face a significant risk of cost-profit inversion, mainly due to high energy prices and the relatively large increase in molybdenum concentrate selling prices.

In the molybdenum chemical and its products market, under the circumstances where end customers basically maintain rigid demand and suppliers are strongly inclined to withhold goods awaiting price increases, market transactions are limited. However, influenced by the recent significant rise in molybdenum raw material prices, product prices continue to increase.

Data from the China Iron and Steel Association shows that in early May 2026, the social inventory of five major steel varieties in 21 cities reached 10 million tons, decreased by 220,000 tons month-on-month, decreased by 2.2%; compared to the beginning of the year, it increased by 2.79 million tons, increased by 38.7%; compared to the same period last year, it increased by 1.5 million tons, increased by 17.6%. By region, social steel inventories in the seven major regions mostly decreased month-on-month, with East China and Northeast China being the regions with the largest reductions, and Northeast China having the largest decline; inventory in Central China and Southwest China slightly increased month-on-month.

Price of molybdenum products on May 14, 2026

Molybdenum copper sheet picture

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