Molybdenum News Center

Molybdenum Market - October 15, 2026

Molybdenum market update on October 15, 2026

China’s molybdenum market is overall under pressure and oscillating weakly, where the quotation of molybdenum iron has been adjusted downward by around 1,000 RMB/ton again. In this context, downstream demand has shown no obvious increase for the time being, and market participants have average expectations for the short-term market.

From positive factors, first, the problem of relatively tight raw material spot supply still exists, prompting suppliers to have a low willingness to sell at a lower price; second, steel enterprises are successively entering the market to tender for molybdenum iron, forming phased support for market demand; third, the development speed of molybdenum downstream industries such as new energy and high-end equipment is relatively fast, with long-term demand growth expectations favorable, providing a bottoming effect on the molybdenum price.

From negative factors, first, steel enterprises continue to suppress the purchase price of molybdenum iron, making it difficult for raw material suppliers to raise their quotations; second, the overseas molybdenum market is not good, with international molybdenum oxide and European molybdenum iron prices declining, which is not conducive to a rebound in the domestic molybdenum market; third, the recent non-ferrous metal market has been relatively weak, suppressing domestic molybdenum market sentiment to a certain extent, and the space for price increases is limited.

News: According to data from the China Iron and Steel Association, in the first ten days of October 2026, the social inventory of 5 major varieties of steel in 21 cities was 9.39 million tons, a month-on-month increase of 250,000 tons, rising 2.7%; an increase of 2.18 million tons compared to the beginning of the year, rising 30.2%; a decrease of 70,000 tons compared to the same period last year, falling 0.2%. From the regional perspective, the steel social inventory in the seven major regions shows that the inventories in East China and Central China decreased month-on-month, while other regions increased month-on-month, among which North China had the largest increment and rise, and East China had the largest decrease and decline.

Price of molybdenum products on October 15, 2026

Image of molybdenum sheet

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

• < Prev
• Next >