Molybdenum Market - July 1, 2026

Molybdenum market update on July 1, 2026

The overall domestic molybdenum market maintained a high-level stable operation. Against the background of interweaving bullish and bearish factors, the trading pace remained stable, and the willingness to take or ship goods did not show obvious loosening, so product prices fluctuated within narrow ranges.

Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium tetramolybdate are approximately RMB 5,180/ton-degree, RMB 326,000/ton, and RMB 314,000/ton, respectively.

In terms of favorable factors: first, affected by factors such as strong efforts to combat illegal mining, extreme weather, relatively high energy prices, and aging mines, the output of molybdenum mining enterprises in many regions has been reduced; second, the relatively large overseas geopolitical risks and the still relatively high overseas molybdenum prices have resulted in limited import volume of molybdenum products in China; third, with the rapid development of emerging industries, the future market demand for molybdenum products is expected to increase, which to a certain extent supports suppliers' confidence in holding back goods and firming up prices.

In terms of bearish factors: first, currently in the traditional consumption off-season and domestic molybdenum product prices are relatively high, multiple factors combined have led to a decline in downstream users' willingness to make inquiries and purchases; second, the lukewarm overseas molybdenum market is unfavorable to the warming of the domestic molybdenum market. According to statistics from CTIA GROUP, in the first half of 2026, the price of molybdenum concentrate increased by approximately RMB 1,280/ton-degree, an increase of 32.82%; the price of ferromolybdenum increased by approximately RMB 73,000/ton, an increase of 28.85%; the price of molybdenum oxide increased by approximately RMB 1,260/ton-degree, an increase of 31.66%; the price of sodium molybdate increased by approximately RMB 48,000/ton, an increase of 27.12%; the price of ammonium heptamolybdate increased by approximately RMB 78,000/ton, an increase of 32.23%; the price of molybdenum powder increased by approximately RMB 140/kg, an increase of 30.77%; the price of molybdenum bar increased by approximately RMB 143/kg, an increase of 31.29%.

In terms of news, data from the China Iron and Steel Association (CISA) shows that in May 2026, the output of medium and heavy plate mills, hot continuous rolling mills, and cold continuous rolling mills in key surveyed enterprises all increased year-on-year to varying degrees. Among them, medium and heavy plate mills produced 6.92 million tons of ultra-heavy plates and medium and heavy plates, increased by 310,000 tons year-on-year, an increase of 4.7%; the cumulative production was 32.10 million tons, increased by 1.19 million tons year-on-year, an increase of 3.9%. Hot continuous rolling mills produced 16.32 million tons in May, increased by 140,000 tons year-on-year, an increase of 0.9%; the cumulative production was 78.15 million tons, decreased by 2.15 million tons year-on-year, a decrease of 2.7%. Cold continuous rolling mills produced 6.96 million tons in May, increased by 100,000 tons year-on-year, an increase of 1.4%; the cumulative production was 34.00 million tons, increased by 260,000 tons year-on-year, an increase of 0.8%.

Price of molybdenum products on July 1, 2026

Image of molybdenum copper sheet

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