Molybdenum market update on January 9, 2026
This week, the domestic molybdenum price trend showed a pattern of rising first and then stabilizing. At the beginning of the week, mainstream molybdenum mining companies significantly raised their quotations, combined with the dual drive of steel mills' tender volume and price both increasing, molybdenum concentrate prices rose strongly, thereby driving other molybdenum product prices to rise in tandem.
Approaching the weekend, the molybdenum market shifted into a high-level consolidation and digestion phase. The rapid surge in prices at the beginning of the week not only intensified downstream users' fear of high prices but also weakened suppliers' momentum for further price increases.
In terms of news, according to data from the China Iron and Steel Association, in late December 2025, key statistical steel enterprises produced a total of 18.07 million tons of crude steel, with an average daily output of 1.643 million tons, a decrease of 11.0% compared with the previous period; pig iron production was 18.37 million tons, with an average daily output of 1.670 million tons, a decrease of 0.6% compared with the previous period; steel products output was 20.81 million tons, with an average daily output of 1.892 million tons, an increase of 4.9% compared with the previous period.
Price of molybdenum products on January 9, 2026
Images of molybdenum crucible
