Molybdenum Concentrates and Ferromolybdenum Prices Rise, Some Enterprises Suspend Quotations

Published: Jun 3, 2026 11:56

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[Molybdenum News Flash] SMM June 3: Yesterday, molybdenum concentrate mines in Henan and Jiangxi auctioned off shipments, with high transaction prices, driving the spot order market to follow the upward trend. Today, SMM 45% molybdenum concentrates closed at 5,130-5,160 yuan/mtu, up 130 yuan/mtu from yesterday. Some mines adopted a wait-and-see approach with limited selling.

The ferromolybdenum market saw strong cost support, with ferro plants passively following the price increases, and some enterprises temporarily suspending quotations. Recently, the steel mill tender price center shifted up to around 313,000 yuan/mt, with steady demand. Today, SMM ferromolybdenum closed at 315,000-325,000 yuan/mt, raised 6,000 yuan/mt from yesterday.

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