Molybdenum market update on June 16, 2026
The overall domestic molybdenum prices have shown a pattern of stopping the decline and rebounding, with the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate increasing by approximately RMB 10/ton-degree, RMB 5,000/ton, and RMB 2,000/ton, respectively.
In the molybdenum concentrate market, with stable rigid demand support from downstream and insufficient motivation for suppliers to raise prices, product prices show no significant fluctuation for the time being, and the trading atmosphere on site is relatively light. On June 15, a mining enterprise in Henan planned to sell 810 tons of molybdenum concentrate with Mo content above 45%, with a starting bid price of RMB 5,060/ton-degree.
In the ferromolybdenum market, influenced by factors such as rising European ferromolybdenum prices, difficulty in sourcing low-priced supplies, and stable performance in steel tender volumes and prices, intermediate smelting enterprises have raised their quotations, but still pay attention to actual transaction conditions in the aftermarket. Recently, steel enterprises that have invited bids for ferromolybdenum include Guangdong Shaogang, Jiangsu Zhongtian, Hebei Iron and Steel, Fengbao Special Steel, etc.; as of now, the total amount of ferromolybdenum purchased through steel tenders in June is approximately 8,500 tons.
In the molybdenum chemical and products market, against the background of no significant changes in end-user inquiries and low willingness of holders to reduce prices for shipment, the market situation mainly fluctuates with the molybdenum raw material market. Today, the quotations for sodium molybdate and molybdenum powder are approximately RMB 223,000/ton and RMB 596/kg, respectively.
In terms of news, data from the China Iron and Steel Association (CISA) shows that in early June 2026, the social inventory of five major steel product varieties in 21 cities was 9.38 million tons, a decrease of 10,000 tons month-on-month, a decrease of 0.1%; an increase of 2.17 million tons compared to the beginning of the year, an increase of 30.1%; and an increase of 1.52 million tons compared to the same period last year, an increase of 19.3%. Among them, East China was the region with the largest increase, Northeast China was the region with the largest increase percentage, and North China was the region with the largest decrease in both quantity and percentage. During the same period, the social inventory of the five major steel product varieties decreased month-on-month except for hot-rolled coil, which increased. Among them, rebar was the variety with the largest decrease in quantity, and wire rod was the variety with the largest decrease 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 16, 2026
Image of molybdenum copper heat sink plate
