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Molybdenum Market - July 30, 2026

Molybdenum market update on July 30, 2026

The overall domestic molybdenum market maintained a firm operation. Under the interplay of multiple bullish and bearish factors, the negotiation atmosphere between buyers and sellers was slightly strained, product prices fluctuated within a narrow range, and spot transactions were relatively few.

Today, the prices of molybdenum oxide, ferromolybdenum, and sodium molybdate were consolidating around RMB 5,420/ton-degree, RMB 335,000/ton, and RMB 231,000/ton, respectively.

From the perspective of bullish factors, first, affected by factors such as safety rectification, increased efforts in various regions to combat illegal and unauthorized mining activities, and frequent extreme weather, the output of some molybdenum mining enterprises has been reduced, thereby boosting suppliers' confidence in maintaining stable prices to a certain extent; second, steel enterprises have successively entered tenders for ferromolybdenum, and the steel tender prices (approximately RMB 331,500/ton) are acceptable, providing significant support for holders to maintain firm prices; third, the recent continuous rise in international molybdenum prices is conducive to the warming of the domestic molybdenum market. From the perspective of bearish factors, the current relatively high molybdenum prices and generally tight funding among buyers have led to relatively low activity in market inquiries and purchases.

In terms of news, data from the China Iron and Steel Association shows that in mid-July 2026, the steel product inventory of key monitored steel enterprises was 18.13 million tons, increased by 1.36 million tons compared with the previous ten-day period, up 8.1%; increased by 3.99 million tons compared with the beginning of the year, up 28.2%; increased by 230,000 tons compared with the same ten-day period of the previous month, up 1.3%; increased by 2.47 million tons compared with the same ten-day period of last year, up 15.8%; increased by 1.83 million tons compared with the same ten-day period of the year before last, up 11.2%. By region, steel product inventory in Northeast China increased by 320,000 tons, in North China increased by 290,000 tons, in East China increased by 430,000 tons, in Central South China increased by 370,000 tons, in Northwest China decreased by 10,000 tons, and in Southwest China decreased by 40,000 tons.

Price of molybdenum products on July 30, 2026

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