Molybdenum market update on June 10, 2026
The overall domestic molybdenum market shows a high but weakening trend. Under the circumstances of limited incremental downstream demand and a lukewarm overseas molybdenum market, most suppliers have slightly insufficient motivation to raise prices, while some suppliers have strengthened their awareness of taking profits. Today, the prices of molybdenum concentrate and ammonium tetramolybdate are approximately RMB 5,130/ton-degree and RMB 314,000/ton, respectively, while the price of ferromolybdenum decreased by RMB 2,000/ton to RMB 322,000/ton. According to CTIA GROUP, steel enterprises that have recently invited bids for ferromolybdenum include Zenith Steel (Changzhou), Chongqing Iron and Steel, Shandong Iron and Steel Co., Ltd., Angang Steel Co., Ltd., Baosteel Baoshan, Wuhan Iron and Steel, and Changshu Longteng Special Steel, with bid prices around RMB 315,000/ton.
In terms of news, customs data shows that in May 2026, China imported 451,000 tons of steel, a decrease of 14,000 tons month-on-month, a decrease of 3.1%; the average price was 1,688.2 USD/ton, a decrease of 233.4 USD/ton month-on-month, a decrease of 12.1%. In May, steel exports were 10.341 million tons, an increase of 843,000 tons month-on-month, an increase of 8.9%; the average price was 697.8 USD/ton, a decrease of 4.2 USD/ton month-on-month, a decrease of 0.6%. From January to May, China cumulatively imported 2.255 million tons of steel, a decrease of 312,000 tons year-on-year, a decrease of 12.2%; cumulatively exported 44.554 million tons of steel, a decrease of 3.917 million tons year-on-year, a decrease of 8.1%.
Price of molybdenum products on June 10, 2026
Molybdenum screw image
