Molybdenum News Center

Molybdenum Market - January 21, 2026

Molybdenum market update on January 21, 2026

The domestic molybdenum market overall maintained stable operation.

With traders basically maintaining rigid transactions and no major news releases in the industry, most product prices fluctuated within a reasonable range, new orders were limited, and industry players had general confidence in the future market.

In the molybdenum concentrate market, buying and selling activity in the market was low. With flat downstream demand and strong reluctance among suppliers to sell while supporting prices, product prices were difficult to update. Affected by tariffs and geopolitical risks, traders' risk-averse sentiment increased, which was favorable for suppliers' quotations.

In the ferromolybdenum market, the overall trend was under pressure. With difficulty in increasing steel tender volume and price, and firm molybdenum concentrate sales prices, intermediate smelters found it hard to raise quotations. Recently, steel enterprises entering the market to tender for ferromolybdenum include Xinyu Iron & Steel, Baosteel Wuhan Iron & Steel, Jiangsu Zhongtian, Shandong Juneng, Jiangsu Shagang, Hengyang Valin Steel Tube, Shouguang Juneng Special Steel, etc., with tender prices around RMB 255,000/ton.

In the molybdenum chemical and related products market, a strong wait-and-see atmosphere prevailed, mainly attributed to intense price bargaining between buyers and sellers and limited driving effect from the upstream market on prices. Today, sodium molybdate, ammonium heptamolybdate, and molybdenum powder prices were approximately RMB 184,000/ton, RMB 254,000/ton, and RMB 483/kg respectively.

On the news front: Data from the National Bureau of Statistics show that in 2025, China's crude steel output was 96.081 million tonnes, decreased by 4.4% year-on-year; pig iron output was 83.604 million tonnes, decreased by 3.0% year-on-year; steel product output was 144.612 million tonnes, increased by 3.1% year-on-year. Among them, in December, China's crude steel output was 6.818 million tonnes, decreased by 10.3% year-on-year; pig iron output was 6.072 million tonnes, decreased by 9.9% year-on-year; steel product output was 11.531 million tonnes, decreased by 3.8% year-on-year.

Price of molybdenum products on January 21, 2026

Images of molybdenum copper sheet

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >