Molybdenum market update on June 5, 2026
This week, domestic molybdenum prices in China showed an overall trend of volatile upward movement, mainly attributed to molybdenum mining enterprises having a strong willingness to raise prices for shipments and downstream users successively entering the market for consumption. However, after molybdenum prices increased significantly during the middle of the week, market wait-and-see sentiment gradually rose, and spot market inquiries and purchasing enthusiasm simultaneously declined.
According to statistics from CTIA GROUP, this week the price of molybdenum concentrate increased by approximately RMB 120/ton-degree, an increase of 2.40%; the price of ferromolybdenum increased by approximately RMB 7,000/ton, an increase of 2.21%; the price of molybdenum oxide increased by approximately RMB 110/ton-degree, an increase of 2.15%; the price of sodium molybdate showed no significant change temporarily; the price of ammonium heptamolybdate increased by approximately RMB 8,000/ton, an increase of 2.56%; and the price of molybdenum powder showed no significant change temporarily.
In terms of news, data from the China Iron and Steel Association (CISA) shows that in late May 2026, the social inventory of five major steel product varieties in 21 cities was 9.39 million tons, a decrease of 150,000 tons month-on-month, a decrease of 1.6%; an increase of 2.18 million tons compared to the beginning of the year, an increase of 30.2%; and an increase of 1.45 million tons compared to the same period last year, an increase of 18.3%. During the same period, the social inventory of the five major steel product varieties mostly decreased month-on-month, with rebar showing the largest decrease in quantity and wire rod showing the largest decrease in percentage. Compared year-on-year, inventories of all five major varieties increased to varying degrees, with rebar showing the largest increase in quantity and hot-rolled coil showing the largest increase in percentage.
Price of molybdenum products on June 5, 2026
Molybdenum sheet image
