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Molybdenum Market - January 19, 2026

Molybdenum market update on January 19, 2026

On Monday, the domestic molybdenum market overall maintained a relatively strong operation.

Under the circumstances where raw material suppliers had a strong awareness of holding back sales to support prices, downstream users showed average enthusiasm for inquiries and purchases, and the international molybdenum market saw a slight warming, some product prices experienced minor increases, with molybdenum concentrate and ferromolybdenum prices increasing by approximately RMB 30/ton degree and RMB 1,000/ton respectively. Recently, steel companies participating in ferromolybdenum tender invitations included Hengyang Valin Steel Tube, WISCO Xiangyang Heavy Equipment, Shanxi Taiyuan Iron and Steel, Shandong Iron and Steel Laiwu, Beiman Jianlong, Anhui Maanshan Iron and Steel, and Zhongtian Iron and Steel (Changzhou), with tender prices around RMB 255,000/ton.

On the news front: Data from the China Iron and Steel Association showed that in the first ten days of January 2026, key statistical steel enterprises produced a total of 18.22 million tons of steel products, with an average daily output of 1.822 million tons, decreasing by 3.7% compared to the previous period. By region, steel product daily output in the Northeast region decreased by 38,000 tons, in the North China region decreased by 13,000 tons, in the Southwest region decreased by 8,000 tons, in the Central South region decreased by 27,000 tons, in the East China region increased by 4,000 tons, and in the Northwest region increased by 13,000 tons.

Price of molybdenum products on January 19, 2026

Images of yttrium molybdenum belt

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