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Weekly Market Summary (Week of October 10th, 2026)
Release time:
2026-10-12
Raw Materials Segment
After the National Day holiday, a small volume of imported molybdenum concentrate was traded at prices below the online market level to meet immediate demand, with transaction levels slightly lower than before the holiday. On the last working day of this week, major domestic molybdenum mines priced their concentrate for cash delivery at CNY5,460–5,470 per MTU, stabilizing sentiment in the raw material market.
According to statistics from the Mudu-MolyChina, the total volume of molybdenum concentrate spot transactions exceeded 300 tons (Luming's trading volume pending) this week, with a weighted average price of approximately CNY5,432 per MTU (converted to the cash price benchmark for 45-50% grade).
From the spot market perspective, the molybdenum concentrate market remains generally stable but shows clear signs of shrinking volume and stalemate. Downstream companies are mainly replenishing based on essential demand, while cautious purchasing sentiment prevails due to a weak steel procurement market. Sellers are holding off on sales, maintaining firm quotes with limited room for negotiation. Buyers and sellers remain locked in a standoff, with prices for 45–50% grade molybdenum concentrate currently stable at CNY5,460–5,490 per MTU, though trading activity remains sparse.
Regarding to molybdenum iron: The raw material prices remain stable for the time being. The cost of shipments from mines remains relatively firm. The bargaining focus for steel purchases has shifted downward. The molybdenum market continues to be a point of contention, and there is a lot of hesitation in the trading of molybdenum iron bulk goods.
Molybdenum Chemical Products
After the holiday, the prices of molybdenum chemical products slightly declined, but remained stable under the support of costs.
On Tuesday this week, the market price of ammonium dimolybdate dropped slightly to around CNY323,000. The willingness of enterprises to actively sell increased, and local transaction prices were between CNY322,500 - CNY323,000. Currently, the enterprise quotations were at CNY325,000, and transactions were sluggish. The mainstream price of first-grade ammonium quartmolybdate dropped to CNY323,000 - CNY325,000 yuan per ton. At present, the quotations of production enterprises have gradually loosened, while downstream enterprises were mostly waiting and observing. The overall market performance was lackluster. The market price of second-grade ammonium quartmolybdate was around CNY322,000 per ton, and the buyer's indicative price was at CNY320，000 per ton.
The price of high-purity molybdenum trioxide this week has dropped to around CNY385,000 - CNY388,000 per ton. Sodium molybdate is mostly negotiated individually above CNY225,000 per ton.
The spot price of molybdenum acid was tight this week. Local negotiations were conducted within the range of CNY5420 - CNY5440 per MTU, and the price remained firm.
Molybdenum Deep Processing
The quotations for the refined products of molybdenum have been reduced this week. There is a significant difference in the buying and selling positions, and local transactions have reached the price range of the market price.
The market price of molybdenum powder has dropped to around CNY600-CNY610 this week. In Luoyang area, the molybdenum powder is locally negotiated at below CNY600, and the local transaction price of target material molybdenum powder is around CNY610. The price of first-grade molybdenum powder shows a trend of stabilizing first and then dropping, with transaction prices ranging from CNY595 to CNY605. The early sellers maintained a firm quotation, but the downstream market's acceptance of high-priced supplies was insufficient, and the supply of high-priced supplies was hindered. The overall market transactions were relatively weak; at the end of the week, with a slight price drop, the market's wait-and-see sentiment still persisted, the purchasing side's follow-up willingness was limited, the trading atmosphere did not show significant improvement, and overall transactions remained relatively quiet.
The quotation for the steel-making molybdenum 1 line is around CNY610, and the transaction is sluggish； other refined products are mainly negotiated one by one.
In addition, the trading of scrap molybdenum was not active this week. The entry price of raw materials decreased, and steel tenders continued to pressure the prices. The tax-free price of unprocessed scrap molybdenum in the market slightly dropped. Before the festival， the transaction price of scrap molybdenum edges was between CNY555 and CNY560. Currently, the traders' fear of high prices is obvious, and they mostly follow the sales plan for purchases. The upstream processing enterprises offer discounts for sales, and the downstream demand side replenishes stocks as needed， and bulk purchases are cautious.
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Source: Mudu-MolyChina丨Comelan Market
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