Molybdenum News Center

Molybdenum Market - October 8, 2026

Molybdenum market update on October 8, 2026

On the first day after the holiday, the overall domestic molybdenum market performed weakly. Affected by the volatile downward trend of overseas molybdenum prices during the National Day holiday and domestic traders not yet having resumed their normal trading pace, prices of some products declined slightly, and actual transaction volumes were relatively small.

Today, the price of ferromolybdenum decreased by RMB 1,000/ton to RMB 343,000/ton. During the National Day holiday, the international molybdenum oxide price decreased by approximately USD 0.39/lb Mo to USD 33.04/lb Mo; the European ferromolybdenum price decreased by approximately USD 0.7/kg Mo to USD 76.6/kg Mo.

In terms of news, data from the China Iron and Steel Association shows that in August 2026, the output of medium and heavy plate rolling mills among key monitored enterprises increased year-on-year, while the output of hot continuous rolling mills and cold continuous rolling mills decreased year-on-year. Among them, medium and heavy plate rolling mills produced 6.91 million tons of extra-thick plates and medium-thick plates, increased by 1.3% year-on-year; hot continuous rolling mills produced 16.19 million tons in August, decreased by 0.9% year-on-year; and cold continuous rolling mills produced 6.47 million tons in August, decreased by 6.4% year-on-year.

Price of molybdenum products on October 8, 2026

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