Molybdenum market update on June 4, 2026
The domestic molybdenum market as a whole maintained stable operation. Influenced by the significant price increase of mainstream products yesterday, downstream users have become more wary of high prices, primarily making purchases on a demand-driven basis. Additionally, suppliers' momentum to raise prices again has weakened somewhat, and some suppliers have temporarily suspended price quotations. Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate are approximately RMB 5,130/ton-degree, RMB 323,000/ton, and RMB 320,000/ton, respectively.
According to CTIA GROUP, although the sharp jump in molybdenum concentrate prices yesterday drove up ferromolybdenum selling prices to a certain extent, it still led to a greater risk of cost-to-revenue inversion for intermediate smelting enterprises. This is mainly due to steel companies' weak willingness to raise their bids for ferromolybdenum and increased production costs. Recently, steel enterprises that have initiated tenders for ferromolybdenum include Xinxing Ductile Iron Pipe, Zhongnan Iron and Steel, Shougang Group, Shenyuan Special Steel, Zhongtian Iron and Steel, etc., with tender prices around RMB 319,000/ton.
In terms of news, molybdenum sputtering targets are one of the important constituent materials for chips. The World Semiconductor Trade Statistics organization released a forecast report stating that driven by the rapid expansion of artificial intelligence demand, the global semiconductor market size in 2026 will increase by nearly 90% compared to 2025, reaching USD 1.511 trillion, approximately RMB 10.2 trillion; it is projected to increase by 26.6% in 2027, with the market size further rising to USD 1.914 trillion, approximately RMB 12.9 trillion.
Price of molybdenum products on June 4, 2026
Molybdenum sheet image
