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Molybdenum Market - July 15, 2026

Molybdenum market update on July 15, 2026

The overall domestic molybdenum market maintained a pressured operation.

Under the interplay of multiple bullish and bearish factors, suppliers generally had strong willingness to hold back sales and support prices, while downstream users basically purchased on demand, with product prices fluctuating within a narrow range and transaction pace slow.

On the molybdenum concentrate market, against the background of stable downstream demand, strong willingness of some molybdenum mining enterprises to raise prices for shipments, and industry participants' considerable confidence in the future market, holders had low willingness to make concessions, with product quotations carried out around RMB 5,280/ton-degree. Recently, a molybdenum concentrate mine in Henan planned to sell 810 tons of molybdenum concentrate, with a bidding reserve price of RMB 5,260/ton-degree.

On the ferromolybdenum market, factors such as steel enterprises successively entering tenders for ferromolybdenum and strong production cost support jointly prompted intermediate smelting enterprises to slightly raise their quotations, reporting around RMB 335,000/ton. Recently, steel enterprises that have entered tenders for ferromolybdenum include Lingyuan Iron and Steel, Shougang Jingtang, Hengyang Valin Steel Pipe, Shouguang Juneng Special Steel, Xinjiang Bayi Iron and Steel, etc.

On the molybdenum chemical and its products market, wait-and-see sentiment was strong. Under the condition that supply and demand were relatively balanced, the prices of molybdates, molybdenum powder, and molybdenum bars were adjusted along with fluctuations in upstream raw material prices.

In terms of news, customs data shows that in June 2026, China imported 441,000 tons of steel products, decreased by 10,000 tons month-on-month, down 2.2%; imported 112.689 million tons of iron ore, increased by 14.978 million tons month-on-month, up 15.3%; exported 10.32 million tons of steel products, decreased by 21,000 tons month-on-month, down 0.2%. From January to June, China's cumulative imports of steel products were 2.696 million tons, decreased by 343,000 tons year-on-year, down 11.3%; cumulative imports of iron ore were 628.868 million tons, increased by 37.483 million tons year-on-year, up 6.3%; cumulative exports of steel products were 54.874 million tons, decreased by 3.275 million tons year-on-year, down 5.6%.

Price of molybdenum products on July 15, 2026

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