Molybdenum market update on April 3, 2026
This week, the domestic molybdenum market generally showed a firm upward trend. The main driving factors include: high enthusiasm from steel companies for molybdenum iron tenders, an increase in steel tender prices, some molybdenum iron manufacturers reducing production due to maintenance, and a slow increase in the spot supply of molybdenum concentrate. Driven by the rising price of molybdenum raw materials, the prices of molybdenum chemicals and their products also increased. Recently, a mine in Yunnan sold 96 tons of molybdenum concentrate with a grade of 40-45%, with a transaction price of RMB 4,440/ton-degree.
According to statistics from CTIA GROUP LTD, the price of molybdenum concentrate increased by RMB 50/ton-degree, up by 1.14%; the price of molybdenum iron increased by RMB 6,000/ton, up by 2.14%; the price of sodium molybdate increased by RMB 1,000/ton, up by 0.50%; the price of ammonium molybdate increased by RMB 2,000/ton, up by 0.71%; the price of molybdenum powder increased by RMB 2/kg, up by 0.38%; and the price of molybdenum oxide increased by RMB 50/ton-degree, up by 1.11%. As a result, the price increase of molybdenum raw materials this week was greater than the price increase of molybdenum chemical products.
In terms of news, data from the China Iron and Steel Association (CISA) shows that in February 2026, China's export of primary products (steel billets, pig iron, direct reduced iron, and recycled steel raw materials) reached 924,000 tons, an increase of 8.3% month-on-month. The average export price was USD 445.8/ton, which remained stable compared to the previous month. From January to February, China’s total export of primary products was 1.778 million tons, a year-on-year increase of 15.8%, with the average export price at USD 445.1/ton, a decrease of 2.3% year-on-year. In February, China imported 199,000 tons of primary products, a decrease of 40.2% month-on-month; the average import price was USD 607.8/ton, which increased by 1.1 times month-on-month. From January to February, China’s total import of primary products was 532,000 tons, a year-on-year increase of 69.1%, with the average import price at USD 407.5/ton, a decrease of 44.0% year-on-year.
Price of molybdenum products on April 3, 2026
Molybdenum copper sheet picture
