For the Quarter Ending June 2026
Molybdenum Prices in North America
- In the USA, the Molybdenum Price Index rose by 12.08% quarter-over-quarter, driven by tighter supply.
- The average Molybdenum price for the quarter was approximately USD 60633.33/MT, reflecting tightened imports nationally.
- Molybdenum Spot Price firmed as merchants paid premiums to secure scarce cargoes, tightening short-term availability.
- Molybdenum Price Forecast indicates near-term resilience driven by constrained concentrate supply and steady industrial procurement.
- Molybdenum Production Cost Trend shows rising extraction and processing costs, underpinning firmer supplier offers globally.
- Molybdenum Demand Outlook remains positive with stainless and aerospace sectors rebuilding inventories, increasing melt rates.
- Molybdenum Price Index reflected stronger downstream pull, lean distributor stocks, and elevated merchant replacement bids.
- Export delays and freight raised landed costs, while mine maintenance reduced spot availability for purchasers.
Why did the price of Molybdenum change in June 2026 in North America?
- Seaborne concentrate tightness from Chile and Peru shortened shipments, reducing import volumes, increasing landed costs.
- Stronger stainless and alloy mill melt rates absorbed supply, prompting higher merchant bids and restocking.
- Freight stability limited offset from logistics, while higher extraction costs maintained upward pressure on offers.
Molybdenum Prices in APAC
- In Thailand, the molybdenum Price Index rose by 14.77% quarter-over-quarter, on stronger import demand, premia.
- The average molybdenum price for the quarter was approximately USD 40403.67/MT, supporting steady procurement activity.
- Adequate shipments contrasted with firmer premia, keeping the Ferro-molybdenum Spot Price under upward pressure recently.
- Short-term molybdenum Price Forecast indicates modest gains as Asian alloy steel demand supports tighter availability.
- Rising molybdenum oxide costs reflect the molybdenum Production Cost Trend, sustaining supplier offers and margins.
- Domestic infrastructure projects strengthen the molybdenum Demand Outlook, prompting mills to increase forward buying volumes.
- Inventory withdrawals and delayed Pacific sailings supported the Ferro-molybdenum Price Index, tightening regional availability further.
- Freight and currency shifts modestly affected landed costs, aligning with the Ferro-molybdenum Price Forecast narratives.
Why did the price of molybdenum change in June 2026 in APAC?
- Tight Chinese export availability and firmer freight premiums further elevated landed costs for Thai importers.
- Robust domestic offtake from alloy steel and catalyst sectors sustained purchasing, supporting upward price momentum.
- Steady mine output but higher molybdenum oxide costs transmitted into supplier offers, lifting regional premia.
China
- In China, the Molybdenum Price Index rose by 14.8% quarter-over-quarter, driven by constrained feedstock availability and stronger export enquiries.
- Molybdenum Spot Price strengthened as traders competed for limited prompt oxide material, thinning Shanghai warehouse inventories further.
India
- In India, the Molybdenum Price Index rose by 16.03% quarter-over-quarter, driven by tighter imports domestically.
- Spot liquidity tightened as Molybdenum Spot Price offers firmed on constrained Chinese and Chilean availability.
Molybdenum Prices in Europe
- In Russia, the Molybdenum Price Index rose by 15.3% quarter-over-quarter, reflecting logistics constraints and robust demand.
- The average Molybdenum price for the quarter was approximately USD 40566.67/MT across import and domestic delivered offers.
- Supply frictions raised Molybdenum Spot Price levels, especially for landed CFR Novorossiysk cargoes, tightening physical availability.
- Traders expect the Molybdenum Price Forecast to remain supportive given constrained imports and steady alloying demands.
- Rising freight and energy pushed the Molybdenum Production Cost Trend higher, inflating landed costs into Russia.
- Robust mills' schedules under state contracts underpin the Molybdenum Demand Outlook, preventing meaningful spot market softening.
- Inventory draws and front-loading supported the Molybdenum Price Index, limiting sellers' discounting despite higher offers.
- Export routing and container shortages amplified Black Sea surcharges, sustaining premium differentials on delivered Molybdenum cargoes.
Why did the price of Molybdenum change in June 2026 in Europe?
- Trans-Siberian rail congestion and container shortages increased landed costs, tightening imported supply into Novorossiysk port.
- Sustained alloy-steel and tubular orders kept offtake firm, preventing inventory destocking that could soften prices.
- Higher freight, energy, and war-risk surcharges elevated producer and trader cost bases, supporting offered prices.
For the Quarter Ending March 2026
Molybdenum Prices in North America
- In USA, the Molybdenum Price Index rose by 11.61% quarter-over-quarter, driven by stronger import offers and alloy demand.
- The average Molybdenum price for the quarter was approximately USD 54099.33/MT, reflecting mixed monthly gains across import parcels.
- Molybdenum Spot Price tightened on thinning warehouse inventories, supporting seller leverage across West Coast import channels.
- Molybdenum Price Forecast indicates modest near-term upside as restocking and industrial melt programs sustain procurement.
- Molybdenum Production Cost Trend showed upstream oxide support and elevated furnace premiums sustaining landed cost pressure.
- Molybdenum Demand Outlook remains firm from stainless, alloy-steel, aerospace, and catalyst segments, absorbing higher offers.
- Molybdenum Price Index movement reflected smooth logistics but tighter merchant availability, limiting downside pressure thereby.
- Market participants advanced cargoes forward, reducing spot availability and reinforcing short-term upward momentum in Price Index.
Why did the price of Molybdenum change in March 2026 in North America?
- Firmer export offers from Chile and China reduced merchant availability, transferring increases into landed prices.
- Steady recovery in stainless and alloy-steel melt rates boosted immediate offtake, tightening spot inventories across terminals.
- Logistics remained smooth with stable freight, so origin price strength, not shipping costs, primarily drove the rise.
Molybdenum Prices in APAC
- In Thailand, the Ferro-molybdenum Price Index rose by 11.39% quarter-over-quarter, driven by constrained imports creating pressure.
- The average Ferro-molybdenum price for the quarter was approximately USD 35205/MT, driven by import tightness.
- Ferro-molybdenum Spot Price tightened as Laem Chabang inventories fell to three weeks, boosting buyer urgency.
- Ferro-molybdenum Price Forecast points to modest upticks near-term amid steady downstream restocking and constrained exports.
- Ferro-molybdenum Production Cost Trend saw weaker Thai baht and higher oxide feedstock increasing landed costs.
- Ferro-molybdenum Demand Outlook remains positive given Eastern Economic Corridor construction and steady alloy-steel mill offtake.
- Ferro-molybdenum Price Index reflected higher Chinese export offers after environmental audits limited oxide plant outputs.
- Ports operated smoothly but US tariff and long-term contracts diverted South American volumes, tightening parcel availability.
Why did the price of Ferro-molybdenum change in March 2026 in APAC?
- Steady exports from China and Chile met flat Thai inquiries, producing minimal price movement and sentiment.
- Firmer Thai baht partially offset dollar-linked import costs, reducing landed-cost pressure on March alloy pricing.
- Inventory adequacy at ports and logistics limited volatility despite upstream oxide audits sustaining supply caution.
Molybdenum Prices in Europe
- In Russia, the Ferro-molybdenum Price Index rose by 11.53% quarter-over-quarter, driven by export supply disruptions and tight logistics.
- The average Ferro-molybdenum price for the quarter was approximately USD 35183.33/MT, reflecting tightened CFR Novorossiysk landed costs.
- Logistics bottlenecks and container shortages lifted Ferro-molybdenum Spot Price drivers, sustaining buyer urgency and seller leverage.
- Cracker-like winter maintenance in China and Kazakhstan tightened supply, informing Ferro-molybdenum Price Forecast for near-term strength.
- Rouble weakness and elevated freight surcharges pushed Ferro-molybdenum Production Cost Trend marginally higher, supporting seller pricing power.
- Domestic mill buying remained steady, underpinning a constructive Ferro-molybdenum Demand Outlook despite cautious just-in-time procurement practices.
- Inventories tightened at seaborne hubs, amplifying the Ferro-molybdenum Price Index reaction to incremental export lot cancellations.
- Major roaster maintenance schedules and geopolitical freight risk elevated spot volatility, influencing near-term Ferro-molybdenum market resilience.
Why did the price of Ferro-molybdenum change in March 2026 in Europe?
- Export offers from Kazakhstan and China firmed, reducing prompt cargo availability into Russian Black Sea market.
- Long-term off-take diversion and scheduled smelter maintenance tightened seaborne supply, pressuring landed costs upward noticeably.
- Rail delays and limited Black Sea container slots increased logistics premiums, amplifying short-term seller pricing confidence.
For the Quarter Ending December 2025
Molybdenum Prices in North America
- In the USA, the Molybdenum Price Index fell by 3.09% quarter-over-quarter, amid muted domestic demand.
- The average Molybdenum price for the quarter was approximately USD 48470.33/MT, CFR San Diego average.
- Ferro-molybdenum 65%min CFR San Diego Spot Price firmed on tighter merchant availability despite import inflows.
- Molybdenum Price Forecast indicated modest upside as downstream mills increased spot inquiries and procurement activity.
- Molybdenum Production Cost Trend showed limited pressure from freight declines, mining and processing costs stable.
- Molybdenum Demand Outlook strengthened as stainless and alloy steelmakers lifted spot orders amid export support.
- Molybdenum Price Index movements moderated by manageable inventories and fluid port operations sustaining distribution flows.
- Traders adjusted offers as USD strength and lower freight improved landed-cost arbitrage into west coast.
Why did the price of Molybdenum change in December 2025 in North America?
- Stronger spot inquiries from stainless and alloy mills increased immediate buying, tightening prompt merchant availability.
- Lower container freight reduced landed costs but failed to offset firmer export offers and procurement.
- Stable import flows and manageable inventories limited downside, while downstream year-end schedules supported incremental demand.
Molybdenum Prices in APAC
- In Thailand, the Molybdenum Price Index rose by 6.9% quarter-over-quarter, reflecting import delays and automotive demand.
- The average Molybdenum price for the quarter was approximately USD 31604.00/MT, reflecting Laem Chabang settlements.
- Forward buying and port congestion pushed the Molybdenum Spot Price higher despite steady conversion capacity.
- Short-term Molybdenum Price Forecast stayed cautiously bullish due to restocking ahead of maintenance shutdowns underway.
- Freight and imported oxide replacement drove the Molybdenum Production Cost Trend, compressing downstream margins modestly.
- Robust automotive and alloy demand supports a positive Molybdenum Demand Outlook, offsetting softer construction-related offtake.
- Inventory replenishment and imports tempered the Molybdenum Price Index while origin discipline kept offers firm.
- Baht weakness, port congestion, and investor forward buying sustained short-term upward pressure on import procurement.
Why did the price of Molybdenum change in December 2025 in APAC?
- Chinese exporters diverted oxide for domestic alloy production, tightening seaborne availability into Thailand pre-Lunar New Year.
- Thai stainless and specialty mills built safety stocks for Q1 maintenance, increasing procurement and spot enquiries.
- Baht depreciation increased CFR landed costs while freight remained steady, reinforcing upward price bias for imports.
Molybdenum Prices in Europe
- In Russia, the Molybdenum Price Index rose by 2.36% quarter-over-quarter, reflecting tighter imports and reduced output.
- The average Molybdenum price for the quarter was approximately USD 31546.67/MT, amid persistently tight inventories.
- Molybdenum Spot Price firmed as freight inspections and Trans-Siberian bottlenecks reduced delivered availability, supporting premiums.
- Molybdenum Price Forecast indicates moderate early-quarter gains driven by restocking and persistent logistics constraints ahead.
- Molybdenum Production Cost Trend edged up because higher freight and maintenance expenses narrowed producer margins.
- Molybdenum Demand Outlook remains robust for export steel and tubular goods despite softer domestic construction.
- Molybdenum Price Index showed volatility as ruble movements and Chinese export allocations shifted supply dynamics.
- Inventories at Black Sea warehouses remained low while forward buying by exporters supported price resilience.
Why did the price of Molybdenum change in December 2025 in Europe?
- Delayed ocean arrivals and Black Sea inspections extended transit times, reducing prompt supply into Novorossiysk.
- Extended roaster maintenance lowered molybdenum oxide output, increasing reliance on imports and elevating landed costs.
- Ruble depreciation amplified dollar-denominated import prices, encouraging competitive buyer behavior and selective spot procurement delays.
For the Quarter Ending September 2025
North America
- In the USA, the Ferro-molybdenum Price Index rose by 4.46% quarter-over-quarter, driven by tariffs policy.
- The average Ferro-molybdenum price for the quarter was approximately USD 50016.33/MT, reflecting CFR San Diego.
- Ferro-molybdenum Spot Price firmed on limited spot availability and stronger Chinese export offers, pressuring importers.
- Ferro-molybdenum Price Forecast indicates gains into autumn as supply tightness competes with subdued domestic demand.
- Ferro-molybdenum Production Cost Trend remains elevated due to higher Chinese material and concentrate cost pressures.
- Ferro-molybdenum Demand Outlook is mixed with automotive restocking offsetting continued weakness in construction activity conditions.
- Ferro-molybdenum Price Index reflects tariff distortions elevating landed costs, constraining broader procurement and order sizes.
- Inventory levels remained lean among US importers, while Chinese smelter outages tightened available export cargoes.
Why did the price of Ferro-molybdenum change in September 2025 in North America?
- Tariff-inflated landed costs reduced purchasing, making import parity unsustainable and suppressing volume demand across sectors.
- Tight Chinese concentrate supply, smelter maintenance raised exporter offers, tightening availability for US CFR buyers.
- Elevated freight and logistics lengthened lead times, increasing landed costs and encouraging just-in-time purchasing behavior.
APAC
- In Thailand, the Ferro-molybdenum Price Index rose by 10.9837% quarter-over-quarter, driven by tighter Chinese supply.
- The average Ferro-molybdenum price for the quarter was approximately USD 29558.67/MT, CFR Laem Chabang landed cost.
- Ferro-molybdenum Spot Price tightened as Chinese export offers firmed and Thai buyers accelerated deliveries ahead.
- Ferro-molybdenum Price Forecast shows near-term gains supported by robust domestic steel demand and constrained concentrate availability.
- Ferro-molybdenum Production Cost Trend remains elevated due to higher molybdenum concentrate costs and rising freight charges.
- Ferro-molybdenum Demand Outlook stays positive as Thailand’s construction and alloy steel recovery sustain intake requirements.
- Inventory draws and term buying pushed the Ferro-molybdenum Price Index higher despite occasional short-term import arrivals.
- Chinese smelter outages and environmental controls intermittently constrained exports, tightening regional availability and elevating landed acquisition costs.
Why did the price of Ferro-molybdenum change in September 2025 in APAC?
- Supply disruptions in China reduced concentrate availability, pressuring exporters to raise offers and limit spot volumes.
- Stronger Thai manufacturing demand and construction-driven alloy steel orders forced importers to absorb higher landed costs.
- Currency moves and rising freight costs increased CFR landed prices, reinforcing upward domestic price transmission.
Europe
- In Russia, the Ferro-molybdenum Price Index rose by 8.6486% quarter-over-quarter, driven by Chinese export costs.
- The average Ferro-molybdenum price for the quarter was approximately USD 30820.00/MT, reported under CFR Novorossiysk terms.
- Ferro-molybdenum Spot Price strength reflected constrained Chinese feedstock availability, lifting the Price Index and margins.
- Ferro-molybdenum Price Forecast remains cautiously upward as Ferro-molybdenum Production Cost Trend shows persistent molybdenum concentrate inflation.
- Ferro-molybdenum Demand Outlook is weak domestically; Price Index stays elevated due to limited supplier alternatives.
- Inventory levels in Russia moderating purchases, export demand competition keeps landed costs supported for importers.
- Major Chinese smelter maintenance reduced cargoes, tightening seaborne supply and sustaining higher CFR offer levels.
- Geopolitical trade disruptions concentrated sourcing, increasing buyer dependency on China and strengthening supplier pricing power materially.
Why did the price of Ferromolybdenum change in September 2025 in Europe?
- Chinese feedstock shortages and smelter outages reduced export availability, pushing CFR levels higher for Russian buyers.
- Geopolitical trade restrictions concentrated sourcing, limiting alternatives and compelling importers to accept elevated landed prices.
- Weak domestic demand reduced purchasing, but urgent production continuity needs-maintained import flows despite higher costs.
