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Molybdenum Market - August 28, 2026

Molybdenum market update on August 28, 2026

This week, the overall domestic molybdenum market showed a high-level weak trend, mainly manifested in slight price declines of raw materials, low enthusiasm for traders to enter the market, and limited actual transaction volumes.

According to CTIA GROUP statistics, this week, the price of molybdenum concentrate decreased by approximately RMB 30/ton-degree, down 0.55%; the price of ferromolybdenum decreased by approximately RMB 1,000/ton, down 0.29%; the price of molybdenum oxide decreased by approximately RMB 30/ton-degree, down 0.54%; affected by the lagging transmission of raw material prices, the prices of molybdates and molybdenum powder showed no significant fluctuations for the time being.

According to CTIA GROUP, the main reasons for the reduced trading activity in the molybdenum market this week are: first, the current molybdenum price is at a relatively high level within the year, coupled with the complex and changing global economic environment, resulting in low willingness of downstream users to inquire and purchase. Second, the decline in international molybdenum prices has to some extent intensified the wait-and-see sentiment of domestic traders. Third, affected by factors such as high energy prices, continuously tight spot supply of molybdenum concentrate, and good development trends in the molybdenum downstream industry, suppliers have strong willingness to hold back sales and support prices, limiting the downside room for molybdenum prices.

In terms of news, data from the China Iron and Steel Association shows that in mid-August 2026, the steel product inventory of key monitored steel enterprises was 18.33 million tons, increased by 6.7% compared with the previous ten-day period, increased by 29.6% from the beginning of the year, increased by 1.1% compared with the same ten-day period of the previous month, increased by 17.0% compared with the same ten-day period of last year, and increased by 11.4% compared with the same ten-day period of the year before last. By region, steel product inventory in Northeast China increased by 230,000 tons, in North China increased by 120,000 tons, in East China increased by 790,000 tons, in Central South China increased by 30,000 tons, in Southwest China decreased by 20,000 tons, and in Northwest China remained basically flat compared with the previous ten-day period.

Price of molybdenum products on August 28, 2026

Image of yttrium olybdenum belt

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