Molybdenum News Center

Molybdenum Market - July 22, 2026

Molybdenum market update on July 22, 2026

The overall domestic molybdenum market maintained a high and firm operation, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide at approximately RMB 5,320/ton-degree, RMB 339,000/ton, and RMB 5,420/ton-degree, respectively.

Under this market condition, trading activity was generally moderate, and transactions were acceptable.

On the molybdenum concentrate market, the market condition was relatively good. Although the continuous rise of molybdenum prices to relatively high levels recently has reduced downstream users' enthusiasm for inquiries and purchases, due to strong production cost support and limited increases in spot supply, holders generally had low willingness to reduce prices for shipments. On the ferromolybdenum market, overall operations remained under pressure. Factors such as steel enterprises successively entering tenders for ferromolybdenum, tender prices being passively pushed higher, and low-priced feedstock being difficult to source jointly caused difficulties for intermediate smelting enterprises in quoting prices. On the molybdenum chemical and its products market, wait-and-see sentiment was strong. Against the background of relatively balanced supply and demand, product prices were mainly affected by upstream market conditions.

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 18.65 million tons of pig iron, with an average daily output of 1.865 million tons, decreased by 1.8% month-on-month in daily output. By region, the daily output of pig iron in Northeast China decreased by 9,000 tons, in North China decreased by 42,000 tons, in Northwest China decreased by 1,000 tons, in East China increased by 1,000 tons, in Southwest China increased by 15,000 tons, and in Central South China increased by 2,000 tons.

Price of molybdenum products on July 22, 2026

Image of molybdenum sheet

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