Molybdenum market update on May 11, 2026
On Monday, domestic molybdenum prices continued the upward trend from last week. Among them, the price of molybdenum concentrate increased by RMB 70/ton-degree, ferromolybdenum increased by RMB 3,000/ton, and ammonium heptamolybdate increased by RMB 1,000/ton. This is mainly attributed to the strong post-May Day steel tender volumes and prices, some molybdenum mine companies continuing to raise prices to promote shipments, and the steady recovery of the international molybdenum market. According to CTIA GROUP, recently, factors such as rising steel prices, strong terminal market demand for molybdenum-containing steel, and low willingness of ferromolybdenum manufacturers to sell at low prices have, to some extent, boosted steel mills’ willingness to raise ferromolybdenum purchase prices; the transaction price of 45-50% molybdenum concentrate from a certain mine in Jiangxi has already surpassed RMB 3,900/ton-degree.
Regarding news, data from the China Iron & Steel Association shows that in late April 2026, the steel inventory of key statistical steel enterprises was 15.43 million tons, a decrease of 3.20 million tons, or 17.2%, compared with the previous ten-day period; an increase of 1.29 million tons, or 9.1%, compared with the beginning of the year; a decrease of 1.12 million tons, or 6.8%, compared with the same ten-day period last month; an increase of 0.14 million tons, or 0.9%, compared with the same ten-day period last year; and a decrease of 0.45 million tons, or 2.8%, compared with the same ten-day period two years ago. By region, steel inventories decreased by 0.86 million tons in Northeast China, 0.06 million tons in North China, 1.22 million tons in East China, 0.02 million tons in Northwest China, 0.14 million tons in Southwest China, and 0.89 million tons in Central South China.
Price of molybdenum products on May 11, 2026
Silicon molybdenum rod picture
