Molybdenum market update on January 13, 2026
The domestic molybdenum market overall showed a high-level but relatively weak trend. With the gradual weakening of previous bullish factors, the consumer market is slowly shifting from a seller's market to a buyer's market, mainly reflected in varying degrees of price declines for most products and slowed actual transaction pace. Today, molybdenum concentrate, ferromolybdenum, and ammonium tetramolybdate prices decreased by approximately RMB 30 per tonne-degree, RMB 3,000/ton, and RMB 1,000/ton respectively.
From the bullish factors perspective, first, supported by production costs, molybdenum mining enterprises generally hold strong reluctance to sell while supporting prices; second, against the background of good development trend in molybdenum downstream industries, downstream users basically maintain rigid demand procurement. Recently, steel enterprises entering the market to tender for ferromolybdenum include Shanxi Taigang, Zhongyuan Special Steel, Hebei Puyang Iron & Steel, Nanjing Iron & Steel, Zhongtian Steel, Jiangsu Shagang, etc.
From the bearish factors perspective, first, affected by the obvious price increases in molybdenum products last week, buyers' cautious consumption sentiment has somewhat intensified, thereby reducing market transaction volume; second, there are temporarily no major bullish news releases in the market, which is unfavorable for suppliers to raise quotations again.
On the news front: Data from the China Iron and Steel Association show that in late December 2025, key statistical steel enterprises produced a total of 18.07 million tonnes of crude steel, with an average daily output of 1.643 million tonnes, daily output decreased by 11.0% month-on-month. Among them, Northeast region crude steel daily output decreased by 2,000 tonnes, Northeast region crude steel daily output decreased by 2,000 tonnes, East China region crude steel daily output decreased by 100,000 tonnes, Northwest region crude steel daily output decreased by 9,000 tonnes, Northwest region crude steel daily output decreased by 9,000 tonnes, Central and South China region crude steel daily output decreased by 17,000 tonnes.
Price of molybdenum products on January 13, 2026
Images of molybdenum sheet
