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Molybdenum Market - July 16, 2026

Molybdenum market update on July 16, 2026

The domestic molybdenum market as a whole showed a general upward trend, with the prices of molybdenum concentrate, ferromolybdenum, ammonium heptamolybdate, and molybdenum powder rising to RMB 5,320/ton-degree, RMB 337,000/ton, RMB 329,000/ton, and RMB 608/kg, respectively.

Influenced by the continuous price increases of molybdenum products recently, some steel enterprises have issued price adjustment notices for related products, such as the specification of rebar 25, with the group price premium raised by +RMB 20/ton on the basis of the original price range.

According to CTIA GROUP, the market favorable factors mainly include: First, some molybdenum mining enterprises actively raised prices for shipments, which boosted the confidence of other molybdenum concentrate suppliers in raising their offers; recently, 256 tons of molybdenum concentrate from a mine in Jiangxi traded at RMB 5,320/ton-degree, and 810 tons of molybdenum concentrate from a mine in Henan traded at RMB 5,305-5,330/ton-degree. Second, steel tenders showed good performance in both volume and price: steel enterprises successively launched tenders for ferromolybdenum, and the tender prices (around RMB 331,000/ton) moved higher, providing strong support for the upward movement of molybdenum prices.

The bearish factors include: First, molybdenum product prices had already shown a prolonged and significant increase earlier, coupled with the current complex and volatile global economic situation, which to some extent strengthened holders' mindset of taking profits. Second, downstream users still have a strong sentiment for price suppression, which may limit the upside potential of molybdenum prices.

In terms of news, customs data show that in June 2026, China's crude steel output was 83.67 million tons, increased by 0.4% year-on-year; pig iron output was 71.99 million tons, decreased by 0.9% year-on-year; steel product output was 126.56 million tons, remaining basically flat year-on-year. From January to June, China's crude steel output was 499.95 million tons, decreased by 3.0% year-on-year; pig iron output was 426.64 million tons, decreased by 2.8% year-on-year; steel product output was 718.78 million tons, decreased by 0.9% year-on-year.

Price of molybdenum products on July 16, 2026

Image of yttrium molybdenum belt

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