Molybdenum News Center

Molybdenum Market - September 15, 2026

Molybdenum market update on September 15, 2026

The domestic molybdenum market as a whole showed a high and strengthening trend, mainly due to tightening spot supply of raw materials and rising steel tender volumes and prices.

Today, the price of molybdenum concentrate was approximately RMB 5,440/ton-degree, increased by approximately 39.49% from the beginning of the year; the price of ferromolybdenum was approximately RMB 342,000/ton, increased by approximately 35.18% from the beginning of the year; and the price of ammonium heptamolybdate was approximately RMB 333,000/ton, increased by approximately 37.60% from the beginning of the year.

On the molybdenum concentrate market, buying and selling activity was generally moderate. Although downstream inquiry and purchasing willingness was relatively high, affected by factors such as high production difficulty and high production costs, the production capacity release of some molybdenum mining enterprises was limited. Coupled with the volatile upward trend of international molybdenum prices, suppliers' confidence in maintaining prices was further strengthened.

On the ferromolybdenum market, volume and price performance was considerable. Steel enterprises successively entered tenders for ferromolybdenum and raised their bids for ferromolybdenum, prompting intermediate smelting enterprises to slightly raise their quotations. Recently, steel enterprises such as Shougang Jingtang, Baosteel, Shanxi Taigang, Maanshan Iron and Steel, Pangang Group, China First Heavy Industries, and Xinyu Iron and Steel have successively entered tenders for ferromolybdenum; tender prices were around RMB 341,000/ton.

On the molybdenum chemical and its products market, the market condition remained stable for the time being. Against the background of weak supplier shipment willingness and insufficient consumption capacity of end customers, product prices were adjusted according to fluctuations in raw material prices.

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 15, 2026

Image of MHC tube

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >