Weekly Market Summary (Week of July 24, 2026)-Yuetong Molybdenum

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Weekly Market Summary (Week of July 24, 2026)

Release time:

2026-07-29

Weekly Market Summary (Week of July 24, 2026)

Raw Materials Segment

The raw materials market consolidated at elevated levels this week. Early in the week, molybdenum concentrate prices fluctuated around CNY5,300 per MTU. From Thursday afternoon through Friday, market sentiment improved somewhat following price increases announced by major Chinese molybdenum mining companies for molybdenum concentrate sales. However, transactions remained difficult at these elevated levels. The sustained high-price environment has created funding pressures and cautious sentiment, resulting in a market dynamic where sellers are relatively active in offering material while buyers remain cautious and observant.

According to statistics from the Mudu-MolyChina, spot market transactions for molybdenum concentrate totaled approximately 2,500 tons this week, with a weighted average price of approximately CNY5,329 per MTU (45-50% Mo basis, cash price). For July to July 24^th, spot market transactions have reached approximately 7,000 tons, with a weighted average price of approximately CNY5,290 per MTU (45-50% Mo basis, cash price).

Molybdenum Chemical Products

Molybdenum chemical product prices held steady this week, with low overall market activity. In the trading market, some negotiated prices fell below the lower end of published price ranges. Ammonium molybdate was quoted at RMB 320,000 per ton in the trading market, with enterprises primarily negotiating on a case-by-case basis and transactions proceeding sluggishly. Ammonium Quartmolybdate(class II) offers edged down slightly from last week's CNY320,000 to the CNY317,000-318,000 per ton range, with limited rigid-demand transactions concluded at CNY317,000 per ton based on acceptance bill. High-purity molybdenum trioxide saw stalemate between buyers and sellers, with some catalyst enterprises indicating continued wait-and-see sentiment following mid-month stockpiling activities. Sodium molybdate transactions this week were at the CNY220,000-222,000 per ton range, primarily in scattered lots. Molybdic acid prices remained firm, tracking raw material costs with slight upward movement, with some transactions concluded at the CNY5,300-5,320 per MTU range.

Molybdenum Deep Processing

Molybdenum deep processing product prices held steady this week. Buyer resistance to high prices was evident, with limited rigid-demand transactions concluded near the lower end of published price ranges. Molybdenum powder enterprise offers were in the CNY600-610 per kilogram range, with some enterprises testing offers at CNY615 per kilogram on Thursday and Friday. Multiple enterprises indicated that molybdenum powder transaction prices were concentrated in the CNY600-605 per kilogram range. Firm molybdenum raw material prices have elevated deep processing costs, while downstream demand has yet to catch up, creating significant funding pressures for enterprises at these elevated price levels. Steel-melting molybdenum bar offers were disordered, with transaction prices ranging from CNY595 to CNY605 per kilogram. Molybdenum mandrels traded around CNY635 per kilogram this week, while molybdenum electrode enterprise offers were in the CNY630-635 per kilogram range, with both buyers and sellers in a wait-and-see posture.

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Source: Mudu-MolyChina丨Chinese Leading Molybdenum Market Consulting Provider

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