Molybdenum News Center

Molybdenum Market - August 4, 2026

Molybdenum market update on August 4, 2026

The overall domestic molybdenum market maintained a firm operation.

With low willingness among suppliers to reduce prices for shipments and difficulty in pushing up steel tender prices and volumes, product prices basically fluctuated within a narrow range, trading activity in the market was relatively light, and transaction pace was slow. Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium tetramolybdate were consolidating around RMB 5,370/ton-degree, RMB 337,000/ton, and RMB 324,000/ton, respectively.

On the molybdenum concentrate market, although downstream inquiry activity weakened compared with mid-July, due to strong production cost support, limited increases in spot market supply, and relatively large outstanding orders for some molybdenum mining enterprises, suppliers' quotations generally remained firm.

On the ferromolybdenum market, intermediate smelting enterprises faced pressure from cost-revenue inversion, mainly attributable to the current relatively high price of molybdenum concentrate (increased by approximately 37.69% from the beginning of the year) and the continuous downward pressure from steel enterprises on ferromolybdenum procurement prices. Recently, steel enterprises' procurement prices for ferromolybdenum were approximately RMB 334,000/ton. Recently, steel mills such as Jiangsu Yonggang, Zhongnan Steel, Hunan Valin Xiangtan Steel, and Tianjin Iron and Steel have successively arranged production cuts and maintenance shutdowns, which to a large extent inhibited the upside room for ferromolybdenum sales.

On the molybdenum chemical and its products market, wait-and-see sentiment was strong. Against the background of relatively small fluctuations in upstream market conditions and end customers basically purchasing on demand, suppliers' quotations were adjusted within a reasonable range, among which the quotations for sodium molybdate and molybdenum powder were around RMB 231,000/ton and RMB 608/kg, respectively.

In terms of news, data from the China Iron and Steel Association shows that in late July 2026, the social inventory of steel products in five major categories across 21 cities was 9.80 million tons, increased by 180,000 tons month-on-month, up 1.9%, with a slight inventory increase; increased by 2.59 million tons from the beginning of the year, up 35.9%; increased by 1.95 million tons compared with the same period last year, up 24.8%. Among them, East China was the region with the largest increase and the largest rise, Northwest China saw a month-on-month inventory decrease, and Central China saw a month-on-month inventory flat. The social inventory of the five major steel product categories showed mixed month-on-month changes, among which rebar was the variety with the largest increase, hot-rolled coil was the variety with the largest rise, and medium plate was the variety with the largest decrease and the largest decline; compared with the same period last year, except for medium plate which remained flat, the other four varieties all showed increases to varying degrees, among which rebar was the variety with the largest increase and the largest rise.

Price of molybdenum products on August 4, 2026

Image of molybdenum sheet

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