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Molybdenum Market - May 18, 2026

Molybdenum market update on May 18, 2026

On Monday, the domestic molybdenum market generally showed a slightly weak trend at a high level.

Under the circumstances of reduced acceptance of high-priced sources by downstream users, a slight cooling of the international molybdenum market, and weakened positive support, some suppliers rationally lowered their quotes, with molybdenum concentrate and ferromolybdenum prices decreased by RMB 30/ton-degree and RMB 2,000/ton, respectively. Recently, steel companies entering the bidding for ferromolybdenum, including Shougang Co., Lingyuan Steel, and Pangang Xichang, set bidding prices at around RMB 324,000/ton.

In terms of news, according to the China Iron and Steel Association, in early May 2026, key surveyed steel enterprises produced a total of 21.10 million tons of crude steel, with an average daily output of 2.11 million tons, increased by 3.6% day-on-day. By region, crude steel daily output in Northeast China increased by 0.04 million tons, North China increased by 0.32 million tons, East China increased by 0.08 million tons, Northwest China increased by 0.07 million tons, Southwest China increased by 0.08 million tons, and Central South China increased by 0.15 million tons.

Price of molybdenum products on May 18, 2026

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