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Molybdenum Market - August 31, 2026

Molybdenum market update on August 31, 2026

On Monday, the overall domestic molybdenum market maintained a pressured operation. Under the conditions where molybdenum mining enterprises generally had high awareness of taking profits and most downstream users had weak willingness to inquire and purchase, prices of some products adjusted downward, transaction pace was slow, and industry participants' confidence in the future market was somewhat insufficient.

Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium tetramolybdate were approximately RMB 5,440/ton-degree, RMB 342,000/ton, and RMB 327,000/ton, respectively. According to CTIA GROUP, factors such as the continuous downward pressure on ferromolybdenum procurement prices from steel enterprises and relatively high production costs have both constrained downstream demand release to a certain extent.

In terms of news, data from the World Steel Association shows that in July 2026, global crude steel production from 70 countries/regions included in the World Steel Association statistics was 149.2 million tons, decreased by 0.3% year-on-year. Among them, Asian and Oceanian crude steel production was 109.4 million tons, decreased by 1.2% year-on-year; EU (27 countries) crude steel production was 10.5 million tons, increased by 3.8% year-on-year; Middle Eastern crude steel production was 3.8 million tons, decreased by 13.4% year-on-year; North American crude steel production was 9.6 million tons, increased by 4.9% year-on-year; and South American crude steel production was 3.6 million tons, increased by 2.8% year-on-year.

Price of molybdenum products on August 31, 2026

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