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NEWS CENTER
Weekly Market Summary (Week of October 16th, 2026)
Release time:
2026-10-19
Raw Materials Segment
The domestic molybdenum concentrate market faced downward pressure this week. With limited trading activity at online price ranges for some molybdenum mines, producers adopted cautious purchasing strategies to avoid risks, causing the trade market's molybdenum concentrate transaction prices to widen from an initial range of CNY5,430–CNY5,460 at the beginning of the week to CNY5,300–CNY5,400. The international import window for molybdenum oxide remained closed, resulting in sluggish transactions for domestic metallurgical-grade molybdenum oxide.
According to statistics from Molychina website, this week’s total volume of molybdenum concentrate spot transactions exceeded 1,100 tons, with a weighted average price of approximately CNY5,408 per MTU (based on 45–50% grade cash price).
To date in October, the cumulative volume of molybdenum concentrate spot transactions has surpassed to 4,100 tons, with a weighted average price of around CNY5,420 per MTU (based on 45–50% grade cash price).
Molybdenum Chemical Products
The molybdenum chemical market saw a downward shift in pricing negotiations, with sluggish trading activity this week. On Tuesday, ammonium molybdate prices dropped from an initial CNY323,000 to a range of CNY320,000–322,000, with localized negotiations hovering around CNY320,000. Currently, ammonium molybdate faces severe cost inversion, leading to low participation from both buyers and sellers. The market price of second-grade ammonium quartmolybdate is near CNY318,000, while buyer interest is concentrated around CNY315,000. High-purity molybdenum trioxide saw localized negotiations this week around CNY385,000–CNY390,000. Sodium molybdate, supported by costs, was quoted between CNY224,000 and CNY227,000, but market circulation remains constrained. This week, the pricing focus in the molybdenum oxide market also moved lower, with current market prices dipping to around CNY5,380, and a significant gap exists between buyer and seller intentions.
Molybdenum Deep Processing
Molybdenum deep-processed products saw a decline in prices with limited transactions occurring near the lower end of online pricing this week.
The market price for molybdenum powder dropped to around CNY595 – CNY600, with small volumes traded at CNY595. Target material molybdenum powder was negotiated around CNY600–CNY605, but trading remained sparse.
Two steel-making molybdenum suppliers quoted prices near CNY590, with some local deals slightly below this level; other deep-processed products were mostly traded on a case-by-case basis.
More scrap molybdenum came onto the market this week, with several companies actively selling scrap molybdenum offcuts priced around CNY540–CNY550, while downstream buyers engaged in back-to-back operations. Currently, traders are clearly cautious about high prices and mostly adopting a wait-and-see approach.
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Source: Mudu-MolyChina
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