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Molybdenum Market - July 21, 2026

Molybdenum market update on July 21, 2026

The overall domestic molybdenum market maintained a high-level sideways operation.

Under the interplay of multiple bullish and bearish factors, wait-and-see sentiment among buyers and sellers gradually heated up, and the negotiation atmosphere was slightly strained, so product prices showed no significant fluctuations for the time being, with actual transaction volumes generally moderate.

From the perspective of bullish factors, first, affected by factors such as frequent high-temperature and rainy weather in many regions, stricter environmental protection and anti-illegal-mining policies, and relatively high production costs, some molybdenum mining enterprises actively reduced output. Coupled with good downstream demand, the growth rate of spot market supply further slowed down, which significantly enhanced suppliers' confidence in raising prices. Second, with the continuous upgrading of technology, the application scope of molybdenum has expanded, and combined with good development trends in emerging industries, future market demand for molybdenum is expected to increase.

From the perspective of bearish factors, the prolonged rise of molybdenum prices and their current relatively high levels will greatly reduce downstream users' willingness to consume, while also strengthening suppliers' awareness of taking profits, which is not conducive to the molybdenum market heating up again. According to CTIA GROUP statistics, since the beginning of this year, the price of molybdenum concentrate has increased by approximately 36.41%, the price of ferromolybdenum has increased by approximately 33.99%, and the price of molybdenum oxide has increased by approximately 36.18%.

In terms of news, data from the China Iron and Steel Association shows that in early July 2026, key monitored steel enterprises produced a total of 18.82 million tons of steel products, with an average daily output of 1.882 million tons, decreased by 15.2% month-on-month in daily output. By region, the daily output of steel products in Northeast China decreased by 59,000 tons, in North China decreased by 137,000 tons, in East China decreased by 48,000 tons, in Northwest China decreased by 13,000 tons, in Southwest China decreased by 16,000 tons, and in Central South China decreased by 65,000 tons.

Price of molybdenum products on July 21, 2026

Image of molybdenum crucible

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