Molybdenum News Center

Molybdenum Market - July 2, 2026

Molybdenum market update on July 2, 2026

The overall domestic molybdenum market as a whole is in a difficult position with limited room to move either way. Given steady downstream demand and low willingness among suppliers to reduce prices for sales, product prices show no significant fluctuations for now, and spot market transaction volumes are relatively small.

On the molybdenum concentrate market,观望 sentiment has increased. Although the pace of downstream inquiries and purchases has slowed somewhat, due to a large number of earlier orders, limited increases in spot market supply, and strong production cost support, holders are basically maintaining firm offers, with quotations around RMB 5,180/ton-degree.

On the ferromolybdenum market, overall operations are under pressure. It is difficult to source low-priced feedstock, and steel tenders show weak prices and volumes, which puts intermediate smelting enterprises at significant risk of inverted production returns, making pricing difficult. Recently, steel tender prices are around RMB 318,000/ton.

On the molybdenum concentrate and its products market, overall trading activity is relatively low, mainly because end customers mostly purchase on demand while holders have a strong tendency to hold back sales and support prices. Today, the prices of ammonium tetramolybdate and molybdenum powder are approximately RMB 314,000/ton and RMB 595/kg, respectively.

In terms of news, data from the National Bureau of Statistics shows that in January-May 2026, industrial enterprises above designated size nationwide achieved a total profit of RMB 3,143.96 billion, increased by 18.8% year-on-year. Among them, the mining industry achieved a total profit of RMB 479.52 billion, increased by 33.5%; the manufacturing industry achieved a total profit of RMB 2,328.52 billion, increased by 20.0%; and the production and supply industries of electricity, heat, gas, and water achieved a total profit of RMB 335.92 billion, decreased by 2.7%.

Price of molybdenum products on July 2, 2026

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