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Molybdenum Market - September 11, 2026

Molybdenum market update on September 11, 2026

This week, the overall domestic molybdenum market showed a firm and relatively strong trend. At the beginning and middle of the week, affected by the relatively balanced supply-demand pattern and good international molybdenum market conditions, suppliers' quotations remained basically firm.

Toward the weekend, with the continuous rise in international molybdenum oxide and European ferromolybdenum prices, as well as steel enterprises successively entering tenders for ferromolybdenum, some suppliers slightly raised their quotations.

According to CTIA GROUP, affected by El Niño, precipitation in Jiangnan and eastern Southwest China was relatively high, and temperatures in South China were relatively high. Extreme weather affected the production pace of some molybdenum manufacturers. Coupled with limited imports of overseas molybdenum products, spot market supply further tightened.

In El Niño years, many parts of Peru experience heavy rain and flood disasters. As a major molybdenum producing country, disasters in Peru may affect the country's molybdenum product export volume to a certain extent. In addition, from July to August, winter storms hit Chile, with heavy rain, heavy snow, and strong winds disrupting production at some mines; coupled with frequent severe sea conditions, port loading and unloading were restricted, further constraining the external transportation of molybdenum products.

In terms of news, data from the China Iron and Steel Association shows that in late August 2026, the steel product inventory of key monitored steel enterprises was 16.25 million tons, decreased by 2.08 million tons compared with the previous ten-day period, down 11.4%; increased by 2.11 million tons compared with the beginning of the year, up 14.9%; decreased by 30,000 tons compared with the same ten-day period of the previous month, down 0.2%; increased by 1.27 million tons compared with the same ten-day period of last year, up 8.5%; increased by 1.71 million tons compared with the same ten-day period of the year before last, up 11.8%. Except for key monitored enterprises in North China, where steel product inventory increased compared with the previous ten-day period, and Northwest China, which remained basically flat compared with the previous ten-day period, other regions all showed varying degrees of decline.

Price of molybdenum products on September 11, 2026

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