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Molybdenum Market - August 26, 2026

Molybdenum market update on August 26, 2026

The domestic molybdenum market as a whole maintained stable operation, mainly attributable to suppliers' reduced willingness to make price concessions.

Yesterday, affected by factors such as some molybdenum mining enterprises increasing shipments, strong price-cutting sentiment from buyers, and resistance to the upward movement of international molybdenum prices, molybdenum concentrate prices declined slightly. However, today's prices did not continue to adjust downward, indicating that there are still many bullish factors in the market.

According to CTIA GROUP, bullish factors in the market include: first, affected by factors such as the high-temperature flood season, stricter environmental supervision, and increased mining difficulty, the pace of production capacity release of some molybdenum mining enterprises has slowed down, resulting in limited increases in spot market supply. Second, high geopolitical risks and relatively high international molybdenum prices constrain the increase in China's imports of molybdenum products; customs data show that in July 2026, China's imports of roasted molybdenum ores and concentrates were 523.50 tons, decreased by 65.21% month-on-month, and other molybdenum ores and concentrates were 8,525.90 tons, decreased by 15.48% month-on-month; today, the international molybdenum oxide price is approximately USD 33.5/lb Mo. Third, steel enterprises have good enthusiasm for entering tenders for ferromolybdenum; up to now, the total volume of ferromolybdenum tenders this month has exceeded 12,000 tons.

In terms of news, data from the China Iron and Steel Association shows that in mid-August 2026, key monitored steel enterprises produced a total of 19.65 million tons of crude steel, with an average daily output of 1.965 million tons, decreased by 0.4% month-on-month in daily output. By region, the daily output of crude steel in North China decreased by 8,000 tons, in East China decreased by 10,000 tons, in Northwest China decreased by 2,000 tons, in Southwest China decreased by 2,000 tons, in Northeast China increased by 8,000 tons, and in Central South China increased by 6,000 tons.

Price of molybdenum products on August 26, 2026

Image of molybdenum bar

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