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Molybdenum Market - August 27, 2026

Molybdenum market update on August 27, 2026

The overall domestic molybdenum market maintained a consolidation operation. Under the mutual influence of bullish and bearish factors, price negotiations between buyers and sellers were intense, trading activity in the market was relatively light, and actual transaction volumes were limited.

On the molybdenum concentrate market, overall wait-and-see sentiment was relatively strong, with product transaction prices carried out around RMB 5,440/ton-degree, mainly attributable to low willingness of holders to reduce prices for shipments and strong resistance from buyers to high-priced sources.

On the ferromolybdenum market, although production cost support is relatively strong and steel enterprises have successively entered tenders for ferromolybdenum, it is still difficult to offset the pressure brought by relatively low steel tender prices on the market, and intermediate smelting enterprises have lowered their quotations. Recently, steel enterprises such as Xinyu Iron and Steel, Shanxi Taigang, Hebei Iron and Steel, Hunan Valin Xiangtan Steel, and Chongqing Iron and Steel have successively entered the market for ferromolybdenum tenders, with tender prices around RMB 341,000/ton.

On the molybdenum chemical and its products market, overall operations remained stagnant. With strong price-supporting sentiment in the upstream market and end customers mostly purchasing on demand, suppliers' quotations remained basically stable. Today, the prices of sodium molybdate, ammonium heptamolybdate, and molybdenum powder were approximately RMB 235,000/ton, RMB 335,000/ton, and RMB 615/kg, respectively.

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 19.15 million tons of steel products, with an average daily output of 1.915 million tons, increased by 5.3% month-on-month in daily output. By region, the daily output of steel products in Northeast China increased by 19,000 tons, in North China increased by 44,000 tons, in East China increased by 8,000 tons, in Central South China increased by 26,000 tons, in Northwest China decreased by 1,000 tons, and in Southwest China remained basically flat compared with the previous ten-day period.

Price of molybdenum products on August 27, 2026

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