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Molybdenum Market - January 4, 2026

Molybdenum market update on January 4, 2026

At the beginning of the year, the domestic molybdenum market overall continued the positive trend from the end of last year, with prices of most products achieving sharp increases, among which molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate prices increased by approximately RMB 100 per tonne-degree, RMB 6,000/ton, and RMB 2,000/ton respectively.

According to CTIA GROUP LTD, high enthusiasm among downstream users for inquiries and procurement, combined with obvious quotation increases from mainstream molybdenum mining enterprises, jointly prompted product prices upward.

On the news front: Data from the National Bureau of Statistics show that in December, the Manufacturing Purchasing Managers' Index (PMI) was 50.1%, increased by 0.9 percentage points from the previous month. By enterprise size, large enterprise PMI was 50.8%, increased by 1.5 percentage points from the previous month; medium enterprise PMI was 49.8%, increased by 0.9 percentage points from the previous month; small enterprise PMI was 48.6%, decreased by 0.5 percentage points from the previous month. Among sub-indices, the production index was 51.7%, increased by 1.7 percentage points from the previous month; the new orders index was 50.8%, increased by 1.6 percentage points from the previous month; the raw material inventory index was 47.8%, increased by 0.5 percentage points from the previous month.

Price of molybdenum products on January 4, 2026

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