Molybdenum market update on June 9, 2026
The domestic molybdenum market has remained generally stable. With suppliers showing a strong reluctance to sell at lower prices and downstream buyers’ purchasing enthusiasm being moderate, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate have shown no significant fluctuations, and trading activity is limited. Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate are approximately ￥5,130 per ton unit, ￥324,000/ton, and ￥320,000/ton, respectively.
On the supply side, stricter environmental regulations and a combination of high temperatures and frequent rainfall have limited the production capacity growth of some molybdenum mining enterprises. Coupled with the backlog of previously placed orders and pending deliveries, low-priced spot supply in the market has further tightened.
On the demand side, the steel industry, as the primary consumer, mainly replenishes inventories as needed. Ferromolybdenum tendering proceeds at a steady pace, but large-scale purchasing willingness is weak. Molybdenum chemical and deep-processing enterprises generally maintain low raw material inventories, favoring small orders and purchases driven by immediate demand.
According to the China Iron & Steel Association, in late May 2026, key steel enterprises produced a total of 22.78 million tons of steel, with an average daily output of 2.071 million tons, representing a 3.2% day-on-day increase. Regionally, steel daily output increased by 31,000 tons in the Northeast, 5,000 tons in East China, 7,000 tons in Northwest China, and 33,000 tons in Central-South China, while it decreased by 9,000 tons in North China and 2,000 tons in Southwest China.
Price of molybdenum products on June 9, 2026
Molybdenum crucible image
