Molybdenum News Center

Molybdenum Market - September 4, 2026

Molybdenum market update on September 4, 2026

This week, the overall domestic molybdenum market performed generally. Under the conditions of suppliers having strong willingness to hold back sales and support prices and downstream users becoming more cautious in procurement, molybdenum raw material prices remained stable, while ferromolybdenum and molybdenum chemical product prices consolidated weakly.

Trading activity in the market was relatively light, and the future price trend remains unclear. This week, the price of ferromolybdenum decreased by approximately 0.58%, the price of sodium molybdate decreased by approximately 0.85%, and the price of ammonium heptamolybdate decreased by approximately 0.85%.

On the molybdenum raw material market, against the background of a relatively balanced supply-demand pattern, the transaction prices of molybdenum concentrate and molybdenum oxide were carried out around RMB 5,440/ton-degree and RMB 5,550/ton-degree, respectively, with limited actual transactions. On September 3, a mine in Yunnan sold 96 tons of Mo42.5% molybdenum concentrate at a transaction price of RMB 5,380/ton-degree; on September 3, a mine in Jiangxi sold 96 tons of 45%-50% molybdenum concentrate at a transaction price of RMB 5,430/ton-degree.

On the ferromolybdenum and molybdenum chemical markets, affected by factors such as resistance to upward movement of raw material prices, low acceptance of high-priced sources by buyers, and limited driving effect from the international molybdenum market, some suppliers had relatively high willingness to make price concessions, but the room for concessions was relatively small.

In terms of news, data from the China Iron and Steel Association shows that in late August 2026, the social inventory of steel products in five major categories across 21 cities was 9.71 million tons, flat month-on-month; increased by 2.50 million tons from the beginning of the year, up 34.7%; and increased by 880,000 tons compared with the same period last year, up 10.0%. Among them, South China was the region with the largest decrease, Northwest China was the region with the largest decline, and East China was the region with the largest increase and the largest rise. During the same period, the social inventory of the five major steel product categories showed slight increases in most varieties except for a slight decrease in hot-rolled coil and flat medium plate, among which wire rod was the variety with the largest rise; compared with the same period last year, inventories of all five major categories increased to varying degrees, among which hot-rolled coil was the variety with the largest increase and the largest rise.

Price of molybdenum products on September 4, 2026

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