Molybdenum market update on June 8, 2026
At the beginning of this week, the overall domestic molybdenum market remained stable. Against the background of a relatively balanced supply and demand relationship, market trading sentiment was relatively light, and product prices fluctuated within narrow ranges, with limited sporadic transactions. From the supply side, energy prices remained relatively high, there was an above-average amount of high-temperature and rainy weather in many places, and the crackdown on illegal mining was relatively strong, which hindered capacity release at some molybdenum mining enterprises. Coupled with the limited import volume of molybdenum products in China, the spot market supply further tightened. From the demand side, affected by last week's molybdenum price increases, downstream buyers became more cautious in their procurement inquiries, resulting in relatively low actual transaction volumes.
In terms of news, data from the China Iron and Steel Association (CISA) shows that in late May 2026, key surveyed steel enterprises produced a total of 22.07 million tons of crude steel, with an average daily output of 2.006 million tons, a month-on-month decrease of 4.3% in daily output. By region, the daily crude steel output decreased by 57,000 tons in North China, decreased by 37,000 tons in East China, decreased by 3,000 tons in Northwest China, increased by 5,000 tons in Northeast China, increased by 1,000 tons in Southwest China, and increased by 2,000 tons in Central South China.
Price of molybdenum products on June 8, 2026
Molybdenum sheet image
