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Molybdenum Market - September 14, 2026

Molybdenum market update on September 14, 2026

At the beginning of the week, the overall domestic molybdenum market showed a trend of being easy to rise but difficult to fall, mainly attributable to suppliers' strong awareness of holding back sales and supporting prices and downstream users' relatively high enthusiasm for inquiries and purchases.

Today, the prices of molybdenum concentrate, ferromolybdenum, and sodium molybdate were approximately RMB 5,440/ton-degree, RMB 341,000/ton, and RMB 233,000/ton, respectively.

According to CTIA GROUP, bullish factors in the market include: first, factors such as rising oil prices, frequent extreme weather, and declining ore grades jointly constrain the production capacity release of molybdenum mining enterprises, which is conducive to holders raising their quotations; second, steel enterprises have successively entered tenders for ferromolybdenum, which largely supports the price-supporting confidence of intermediate smelting enterprises; third, the recent volatile rise in overseas molybdenum prices, while strengthening the bullish sentiment of domestic suppliers, may also reduce imports of molybdenum products.

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 19.41 million tons of pig iron, with an average daily output of 1.765 million tons, decreased by 3.0% month-on-month in daily output. Among them, the daily output of pig iron in North China decreased by 23,000 tons, in East China decreased by 26,000 tons, in Southwest China decreased by 4,000 tons, in Central South China decreased by 5,000 tons, in Northeast China increased by 3,000 tons, and in Northwest China remained basically flat compared with the previous ten-day period.

Price of molybdenum products on September 14, 2026

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