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Molybdenum Market - May 15, 2026

Molybdenum market update on May 15, 2026

This week, the domestic molybdenum market generally performed well, mainly reflected in significant price increases for most products, decent downstream demand, strong willingness of suppliers to withhold sales and maintain prices, and market participants’ generally optimistic outlook on future trends.

The recent sharp rise in molybdenum prices was driven by several factors: first, after the May Day holiday, steel prices fluctuated upward and steel mills were actively replenishing raw materials, which largely promoted steel mills to raise molybdenum ferroalloy purchase quotations; second, due to the energy crisis in Peru, China’s molybdenum product imports may decrease, further boosting suppliers’ price-increasing sentiment; third, under the background of limited spot supply, active downstream inquiries, and relatively high production costs, some molybdenum mining enterprises have successively raised prices to sell, driving market prices higher.

According to statistics from CTIA GROUP, this week the price of molybdenum concentrate increased by RMB 430/ton-degree, an increase of 8.92%; molybdenum ferroalloy increased by RMB 28,000/ton, an increase of 9.12%; molybdenum oxide increased by RMB 430/ton-degree, an increase of 8.74%; sodium molybdate increased by RMB 18,000/ton, an increase of 8.33%; ammonium heptamolybdate increased by RMB 21,000/ton, an increase of 6.98%; molybdenum powder increased by RMB 45/kg, an increase of 7.96%.

In terms of news, data from the China Iron & Steel Association shows that in early May 2026, key steel enterprises produced a total of 21.10 million tons of crude steel, with an average daily output of 2.11 million tons, a daily increase of 3.6% month-on-month; pig iron 18.95 million tons, with an average daily output of 1.895 million tons, a daily increase of 2.4% month-on-month; and steel 19.42 million tons, with an average daily output of 1.942 million tons, a daily decrease of 9.9% month-on-month. Based on this, it is estimated that the national daily output of crude steel in this period was 2.83 million tons, increased by 3.6% month-on-month; daily pig iron 2.39 million tons, increased by 2.4% month-on-month; daily steel 4.10 million tons, decreased by 4.2% month-on-month.

Price of molybdenum products on May 15, 2026

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