Molybdenum market update on June 29, 2026
On Monday, the overall domestic molybdenum market maintained a relatively strong performance. With the bidding volume and prices in steel tenders remaining acceptable and suppliers showing low willingness to lower prices for shipments, the prices of most products remained basically unchanged, while a few recorded slight increases, and actual transactions maintained a steady pace. Recently, steel enterprises entering the market to tender for ferromolybdenum included Shouguang Juneng Special Steel, Hengyang Valin Steel Tube, Sichuan Pangang Changcheng Special Steel and Shanxi Taigang, with tender prices at around RMB 319,000/ton. Today, the prices of molybdenum concentrate, ferromolybdenum and ammonium heptamolybdate were about RMB 5,180/ton-degree, RMB 326,000/ton and RMB 320,000/ton, respectively.
According to data from the China Iron and Steel Association, in mid-June 2026, key steel enterprises produced a total of 20.48 million tons of steel products, with an average daily output of 2.048 million tons, increased by 5.6% compared with the previous period. By region, the average daily output of steel products increased by 22,000 tons in Northeast China, increased by 40,000 tons in North China, increased by 18,000 tons in East China, increased by 5,000 tons in Northwest China, increased by 1,000 tons in Southwest China, and increased by 22,000 tons in Central and South China.
Price of molybdenum products on June 29, 2026
Image of molybdenum sheet
