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Molybdenum Market - July 7, 2026

Molybdenum market update on July 7, 2026

The overall domestic molybdenum market maintained a high-level sideways operation. Under the interplay of bullish and bearish factors, price negotiations between buyers and sellers were intense, spot quotations were relatively stable, and new orders were limited.

At present, industry participants are mainly focusing on the new round of steel mill tender situations and the shipment dynamics of molybdenum mining enterprises.

From the perspective of bullish factors, first, under the influence of factors such as frequent extreme weather, stricter environmental protection policies, relatively high energy prices, and declining ore grades, the production capacity release pace of some molybdenum mining enterprises has slowed down. Coupled with the large number of outstanding orders from earlier periods and the promising development prospects of the molybdenum downstream industry, raw material suppliers have a stronger willingness to hold back sales and support prices. Second, steel enterprises and other molybdenum downstream production enterprises basically maintain rigid demand procurement, which supports suppliers' pricing confidence to a great extent. Third, the recent volatile rise in international molybdenum prices is conducive to the warming of the domestic molybdenum market.

From the perspective of bearish factors, first, affected by factors such as the current traditional consumption off-season, relatively high molybdenum product prices, and the complex and changing global economic situation, many molybdenum downstream enterprises have low initiative in stocking up. Second, as the support from previous bullish factors gradually weakens and molybdenum prices have continued to rise in the earlier period, holders' motivation to raise prices again has slightly weakened. Since the beginning of this year, the price increases of molybdenum concentrate, ferromolybdenum, and molybdenum oxide have been approximately 34.87%, 29.64%, and 33.67%, respectively.

In terms of news, data from the China Iron and Steel Association shows that in May 2026, China exported 10.341 million tons of steel products, increased by 8.9% month-on-month; and imported 451,000 tons of steel products, decreased by 3.1% month-on-month. From January to May, China's cumulative exports of steel products were 44.554 million tons, decreased by 8.1% year-on-year; and cumulative imports of steel products were 2.255 million tons, decreased by 11.7% year-on-year.

Price of molybdenum products on July 7, 2026

Image of molybdenum copper sheet

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