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Molybdenum Prices - November 09, 2026

Molybdenum market update on November 09, 2026

On Monday, China's molybdenum market as a whole continued to maintain a relatively strong operation, with prices of most molybdenum products in an upward channel and actual transactions acceptable.

Today, the prices of molybdenum concentrate and ferromolybdenum were approximately RMB 5,290/mtu and RMB 336,000/mt, respectively. According to Chinatungsten online, the main reasons driving this round of molybdenum price increases are: first, the recent continuous warming of the international molybdenum market has driven domestic molybdenum prices higher; second, downstream users have a relatively high willingness to restock at low prices, boosting suppliers' confidence in stabilizing prices; third, the increment in spot supply of raw materials is limited, and holders have a relatively strong awareness of holding back sales and supporting prices.

In terms of news, data from the China Iron and Steel Association shows that in September 2026, China exported 1.634 million mt of primary products (steel billets, pig iron, direct reduced iron, and recycled steel raw materials), decreased by 15.2% month-on-month; and imported 153,000 mt of primary products, decreased by 36.8% month-on-month. From January to September, China's cumulative exports of primary products were 15.759 million mt, increased by 46.5% year-on-year; and cumulative imports were 2.298 million mt, increased by 92.8% year-on-year.

Price of molybdenum products on November 09, 2026

Image of molybdenum sheet

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