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Molybdenum Market - August 25, 2026

Molybdenum market update on August 25, 2026

The overall domestic molybdenum market cooled down slightly, mainly manifested in the decline of molybdenum concentrate prices that led the gains last week, a slowdown in downstream procurement pace, and limited actual transactions.

On the molybdenum concentrate market, the price decrease of RMB 30/ton-degree is a normal market adjustment. First, molybdenum concentrate prices rose significantly last week, but downstream user acceptance did not increase correspondingly, leading to a rational price decline of molybdenum concentrate; second, the current molybdenum concentrate quotation is at a relatively high position within the year, having increased by approximately 39.49% from the beginning of the year, and suppliers generally have strong awareness of taking profits. On August 24, the sales pricing of 50%-55% molybdenum concentrate from a mine in Heilongjiang was RMB 5,450-5,470/ton-degree.

On the ferromolybdenum market, overall operations were under pressure. Although molybdenum concentrate prices declined somewhat, they remained at relatively high levels. Coupled with steel enterprises' unchanged sentiment to suppress prices, intermediate smelting enterprises became more cautious in quotations and shipments. However, the recent slight increase in steel prices is conducive to maintaining firm or even rising ferromolybdenum prices. Today, the prices of hot-rolled coil and rebar were approximately RMB 3,340/ton and RMB 3,174/ton, respectively.

On the molybdenum chemical and its products market, with end customers purchasing on demand and holders having low willingness to reduce prices for shipments, the prices of molybdates, molybdenum powder, and molybdenum bars showed no significant changes for the time being, and wait-and-see sentiment in the market was strong.

In terms of news, data from the China Iron and Steel Association shows that in mid-August, the social inventory of steel products in five major categories across 21 cities was 9.71 million tons, decreased by 150,000 tons month-on-month, down 1.5%; increased by 2.50 million tons from the beginning of the year, up 34.7%; increased by 1.28 million tons compared with the same period last year, up 15.2%. Among them, East China was the region with the largest decrease and the largest decline, North China and Northeast China saw slight month-on-month inventory decreases, and Northwest China saw a flat month-on-month inventory.

During the same period, 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 decrease and the largest decline, hot-rolled coil decreased slightly, medium plate and wire rod inventories increased slightly month-on-month, and cold-rolled coil inventory remained flat month-on-month; compared with the same period last year, inventories of all five major categories increased to varying degrees, among which rebar was the variety with the largest increase, and hot-rolled coil was the variety with the largest rise.

Price of molybdenum products on August 25, 2026

Image of molybdenum bar

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