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Molybdenum Market - August 10, 2026

Molybdenum market update on August 10, 2026

On Monday, the overall domestic molybdenum market maintained a firm operation, mainly attributable to stable downstream demand and low willingness of suppliers to reduce prices for shipments.

Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate remained temporarily stable at around RMB 5,370/ton-degree, RMB 337,000/ton, and RMB 330,000/ton, respectively. Under this market condition, industry participants are mainly focusing on the shipment dynamics of molybdenum mining enterprises, the performance of steel tender prices and volumes, and the trend of the international molybdenum market.

Molybdenum is a non-ferrous metal. According to statistics from the National Bureau of Statistics, in the first half of this year, the total output of ten non-ferrous metals reached 41.513 million tons, increased by 3.3% year-on-year. A total of 12,362 non-ferrous metal industrial enterprises above designated size achieved total operating revenue of RMB 576.968 billion, increased by 21.7% year-on-year; total profits were RMB 418.39 billion, increased by 94% year-on-year.

In terms of news, the China Iron and Steel Association stated that in late July 2026, key monitored steel enterprises produced a total of 20.51 million tons of crude steel, with an average daily output of 1.864 million tons, decreased by 7.5% month-on-month in daily output; produced 19.30 million tons of pig iron, with an average daily output of 1.754 million tons, decreased by 4.7% month-on-month in daily output; and produced 21.80 million tons of steel products, with an average daily output of 1.982 million tons, increased by 2.7% month-on-month in daily output. Based on this estimate, the national daily crude steel output for this ten-day period was 2.52 million tons, decreased by 7.5% month-on-month; daily pig iron output was 2.22 million tons, decreased by 4.7% month-on-month; and daily steel product output was 4.16 million tons, increased by 0.6% month-on-month.

Price of molybdenum products on August 10, 2026

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