Ferroalloy Market Update July 2026: FeMo, FeV, FeW Prices and Market Overview
This market update covers the latest China domestic ex-works prices for ferromolybdenum (FeMo 60% basis), ferrovanadium (FeV 50% basis), and ferrotungsten (FeW 70% basis). Data based on current China domestic pricing (ex-works, freight not included). All prices subject to market fluctuation. Please contact JF Metals for the latest quotation.
Ferromolybdenum (FeMo 60%) Market
Current China ex-works price (60% basis): RMB 336,000/MT (approx. USD 49,700/MT based on today’s exchange rate). Freight and export costs not included.
The ferromolybdenum market shows a firm trend in July 2026. Molybdenum concentrate supply remains relatively tight in major producing regions, while domestic steel mills maintain steady procurement demand. This supply-demand balance supports current price levels.
Key factors supporting FeMo prices:
- Overseas molybdenum concentrate supply constraints
- Steady demand from specialty steel and alloy producers
- Oil and gas industry demand for molybdenum-containing alloys
- Limited domestic production expansion in the near term
Market outlook: Short-term price trend is expected to remain firm. Buyers with regular FeMo requirements are advised to monitor inventory planning closely.
Ferrovanadium (FeV 50%) Market
Current China ex-works price (50% basis): RMB 84,000/MT (approx. USD 12,400/MT based on today’s exchange rate). Freight and export costs not included.
The ferrovanadium market remains stable in July 2026. The rebar and construction steel sectors, traditional major consumers of vanadium, continue to purchase on a need-based schedule. Market supply and demand are relatively balanced.
Key observations:
- Demand from construction steel sector remains moderate
- Supply from major producers is stable
- No significant price fluctuation expected in the near term
Market outlook: The FeV market is expected to maintain a stable trend. Price movements are likely to be limited in the short term.
Ferrotungsten (FeW 70 & FeW 80) Market
Current China ex-works prices (70% basis):
- Ferrotungsten FeW 70 (tungsten content approx. 70%): RMB 650,000/MT (approx. USD 96,150/MT)
- Ferrotungsten FeW 80 (tungsten content approx. 70%, higher purity grade): RMB 670,000/MT (approx. USD 99,100/MT)
Both grades are quoted on a 70% tungsten basis. FeW 80 is a higher grade with lower impurity content and commands a premium of approximately RMB 20,000/MT over FeW 70.
The ferrotungsten market is relatively stable this month. Demand from cemented carbide and special alloy sectors remains steady, and market transactions are proceeding normally.
Price Summary (July 2026)
| Product | Basis | China Ex-works (RMB/MT) | Approx. USD Equivalent | Trend |
|---|---|---|---|---|
| FeMo | 60% | 336,000 | ~49,700 | Firm |
| FeV | 50% | 84,000 | ~12,400 | Stable |
| FeW 70 | 70% | 650,000 | ~96,150 | Stable |
| FeW 80 | 70% | 670,000 | ~99,100 | Stable |
Note: All prices are China domestic ex-works, cash payment basis. Freight, export packaging and other costs not included. Exchange rate based on approx. 6.76 CNY/USD. Prices subject to change without notice.
About JF Metals
JF Metals supplies ferromolybdenum, ferrovanadium, ferrotungsten and other ferroalloy materials from China. Based in Huangshi, Hubei, we serve steelmakers, foundries and traders worldwide with competitive pricing and reliable quality.
Contact: penny@jf-metals.com | WhatsApp/WeChat: +86 13972958079