Molybdenum market update on June 3, 2026
The overall molybdenum market in China has shown good performance, and as the negative factors are gradually digested, the confidence of stock-holding merchants in selling has warmed up, and the prices of most molybdenum products have seen a sharp jump. Today, the prices of molybdenum concentrate and molybdenum iron respectively increased by approximately 100 RMB/ton-degree and 5,000 RMB/ton. Driven by the warming of the domestic molybdenum market, the prices of international molybdenum oxide and European molybdenum iron have also risen.
According to CTIA GROUP, the significant drop in molybdenum prices in late May was not only due to stimulating the desire of downstream users to purchase at low prices, but also forced the suppliers to strengthen their profit awareness. Coupled with the high energy prices pushing up smelting and transportation production costs, it further solidifies the price support for molybdenum products. In recent days, a certain mine in Jiangxi sold 128 tons of 40%-45% molybdenum concentrate at a transaction price of 5130 RMB/ton-degree, an increase of 130 RMB/ton-degree compared to the bidding bottom price. A certain mine in Henan sold 132 tons of 45%-50% molybdenum concentrate at a bidding bottom price of 5050 RMB/ton-degree.
In terms of news, according to the data from China Iron and Steel Association, in April 2026, China's export of steel was 9.484 million tons, an increase of 4.0% compared with the previous month; import of steel was 465,000 tons, a decrease of 9.1% compared with the previous month. From January to April, China's cumulative export of steel was 34.214 million tons, a decrease of 9.7% compared with the same period last year; cumulative import of steel was 180,400 tons, a decrease of 12.9% compared with the same period last year.
Price of molybdenum products on June 3, 2026
Molybdenum bar image
