Molybdenum News Center

Molybdenum Prices - August 12, 2026

Molybdenum market update on August 12, 2026

The overall domestic molybdenum prices maintained a high-level stable operation, among which the prices of molybdenum concentrate, sodium molybdate, and molybdenum powder were approximately RMB 5,370/ton-degree, RMB 231,000/ton, and RMB 608/kg, respectively.

Under this market condition, traders had relatively low enthusiasm for entering the market, and new orders were limited.

On the molybdenum concentrate market, spot liquidity was relatively tight, mainly attributable to reduced downstream inquiries and low willingness of suppliers to reduce prices for shipments. High energy prices, frequent high-temperature and rainy weather, and stricter environmental protection and anti-illegal-mining policies are multiple factors jointly leading to production cuts by molybdenum mining enterprises. Coupled with the relatively strong international molybdenum market, holders had even stronger willingness to hold back sales and support prices. Data from the Molybdenum Association shows that in the first seven months of this year, China's molybdenum concentrate production was 185,300 tons, decreased by 1.7% year-on-year; among which, in July, China's molybdenum concentrate production was 26,000 tons, decreased by 2.6% month-on-month and decreased by 5.3% year-on-year.

On the ferromolybdenum market, overall performance showed a dilemma. Against the background of generally average steel tender prices and volumes and difficulty in finding low-priced sources, intermediate smelting enterprises' quotations remained relatively stable, reporting around RMB 337,000/ton. Recently, steel enterprises that have entered tenders for ferromolybdenum include Shougang Co., Ltd., Hengyang Valin Steel Pipe, Angang Roller, Shanxi Taigang, Guangdong Shaogang, Baowu Steel, etc., with tender prices around RMB 334,000/ton.

On the molybdenum chemical and its products market, wait-and-see sentiment was strong. With end customers basically maintaining rigid demand procurement and the upstream market having relatively weak driving effect, product prices fluctuated within a reasonable range, and new orders were relatively few.

In terms of news, the China Iron and Steel Association stated that in late July 2026, the steel product inventory of key monitored steel enterprises was 16.28 million tons, decreased by 1.85 million tons compared with the previous ten-day period, down 10.2%; increased by 2.14 million tons compared with the beginning of the year, up 15.1%; basically flat compared with the same ten-day period of the previous month; increased by 1.50 million tons compared with the same ten-day period of last year, up 10.1%; increased by 230,000 tons compared with the same ten-day period of the year before last, up 1.4%. By region, steel product inventory in Northeast China decreased by 440,000 tons, in North China decreased by 330,000 tons, in East China decreased by 600,000 tons, in Northwest China decreased by 50,000 tons, in Southwest China decreased by 40,000 tons, and in Central South China decreased by 380,000 tons.

Price of molybdenum products on August 12, 2026

Image of molybdenum wire

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >