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Molybdenum Prices - November 06, 2026

Molybdenum market update on November 06, 2026

This week, China's molybdenum prices as a whole showed a steady upward trend.

The main reasons include: first, many molybdenum product prices fell significantly last month (molybdenum concentrate prices decreased by 6.19% and ferromolybdenum prices decreased by 4.65% in October), forcing suppliers to enhance their profit awareness; second, molybdenum prices have recently been at relatively low levels, and combined with the month-change factor, this further increased downstream users' desire to purchase at low prices; third, the recent continuous rise in international molybdenum oxide and European ferromolybdenum prices has helped the domestic molybdenum market recover.

According to Chinatungsten online statistics, this week, the price of molybdenum concentrate increased by RMB 130/mtu, up approximately 2.52%; the price of ferromolybdenum increased by RMB 7,000/mt, up approximately 2.13%; the price of molybdenum oxide increased by RMB 140/mtu, up approximately 2.65%; the price of sodium molybdate increased by RMB 7,000/mt, up approximately 3.20%; the price of ammonium heptamolybdate increased by RMB 9,000/mt, up approximately 2.85%; and the price of molybdenum powder increased by RMB 12/kg, up approximately 2.04%.

In terms of news, data from the China Iron and Steel Association shows that in late October, the social inventory of steel products in five major categories across 21 cities was 8.63 million tons, decreased by 3.7% month-on-month, increased by 19.7% from the beginning of the year, and decreased by 4.6% compared with the same period last year. By region, among the seven major regions, except for a slight month-on-month increase in South China, the social inventory of steel products in East China, Central China, Southwest China, North China, Northwest China, and Northeast China all declined month-on-month, among which East China was the region with the largest decrease and Northwest China was the region with the largest decline.

Price of molybdenum products on November 06, 2026

Image of molybdenum sheet

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