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Molybdenum Market - September 9, 2026

Molybdenum market update on September 9, 2026

The overall domestic molybdenum market maintained a firm operation. Although downstream users' willingness to inquire and purchase has declined compared with the previous period and price-cutting sentiment remains unabated, suppliers' quotations remained basically stable.

Today, the quotation for molybdenum concentrate was RMB 5,440/ton-degree, ferromolybdenum was RMB 341,000/ton, and ammonium tetramolybdate was RMB 327,000/ton. Under this market condition, market order volumes were limited, and industry participants had average confidence in the future market.

From the perspective of bullish factors, first, tight spot market supply and relatively high production costs have resulted in low willingness of most suppliers to make price concessions; second, the recent continuous warming of the international molybdenum market supports the firmness of domestic molybdenum product prices; third, the good development trends of downstream molybdenum industries such as new energy, semiconductors, and national defense have resulted in relatively large market demand for molybdenum products.

From the perspective of bearish factors, first, steel tender prices are relatively weak, at around RMB 339,000/ton, making it difficult for intermediate smelting enterprises to raise quotations; second, rigid demand from end customers has shown no improvement, coupled with unclear future market expectations, further constraining price increases.

In terms of news, data from the China Iron and Steel Association shows that in late August 2026, key monitored steel enterprises produced a total of 20.74 million tons of crude steel, with an average daily output of 1.885 million tons, decreased by 4.0% month-on-month in daily output. By region, the daily output of crude steel in North China decreased by 30,000 tons, in East China decreased by 31,000 tons, in Southwest China decreased by 7,000 tons, in Central South China decreased by 19,000 tons, and in Northeast China increased by 5,000 tons.

Price of molybdenum products on September 9, 2026

Image of molybdenum sheet

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