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Molybdenum Market - August 21, 2026

Molybdenum market update on August 21, 2026

This week, the overall domestic molybdenum market performed relatively well. Under the interplay of multiple bullish and bearish factors, the price trends of mainstream molybdenum products showed slight differentiation: molybdenum raw materials and molybdenum chemical product prices first stabilized and then rose, while ferromolybdenum prices rose steadily.

On the molybdenum raw material market, at the beginning of the week, against the background of downstream maintaining rigid demand procurement and suppliers lacking motivation to raise prices, product prices remained stable for the time being; toward the weekend, the rise in transaction prices of molybdenum concentrate from a mining enterprise in Henan boosted the confidence of other suppliers to raise quotations. Affected by factors such as the difficulty of increasing spot supply of raw materials, the volatile upward trend of overseas molybdenum prices, and good future market expectations, mining enterprises generally raised their quotations. Led by the price increase of molybdenum raw materials, the prices of molybdenum chemicals and their products also rose accordingly.

On the ferromolybdenum market, at the beginning of the week, with rising steel tender prices and difficulty in finding low-priced sources, ferromolybdenum prices rose passively; toward the weekend, the significant rise in molybdenum concentrate prices further prompted intermediate smelting enterprises to raise their quotations.

According to CTIA GROUP statistics, this week, the price of molybdenum concentrate increased by approximately RMB 70/ton-degree, up 1.30%; the price of ferromolybdenum increased by approximately RMB 3,000/ton, up 0.88%; the price of sodium molybdate increased by approximately RMB 3,000/ton, up 1.29%; the price of ammonium heptamolybdate increased by approximately RMB 5,000/ton, up 1.52%; the price of molybdenum powder increased by approximately RMB 7/kg, up 1.15%; and the price of molybdenum oxide increased by approximately RMB 80/ton-degree, up 1.45%.

In terms of news, according to monitoring by the China Iron and Steel Association, as of the end of July, the China Steel Price Index (CSPI) long product index was 91.57 points, decreased by 2.14 points month-on-month, down 2.28%; the CSPI plate index was 90.13 points, decreased by 1.09 points month-on-month, down 1.19%; compared with the same period last year, the CSPI long product index and plate index decreased by 5.97 points and 4.37 points, respectively, down 6.12% and 4.62%, respectively. From January to July, the average value of the CSPI long product index was 94.32 points, decreased by 1.25 points year-on-year, down 1.31%; the average value of the plate index was 90.66 points, decreased by 1.23 points year-on-year, down 1.34%.

Price of molybdenum products on August 21, 2026

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