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Molybdenum Market - January 23, 2026

Molybdenum market update on January 23, 2026

This week, the domestic molybdenum market overall showed a relatively stable trend. With low willingness among suppliers to concede prices for shipments and high caution among buyers in consumption, molybdenum product prices basically fluctuated within a narrow range, with average transactions.

It is reported that since the beginning of this year, the cumulative increase in molybdenum product prices has been relatively large, which to a certain extent reduced buyers' consumption desire; combined with the approaching Spring Festival holiday and the complex and volatile global economic situation, downstream users' consumption caution is higher, resulting in limited new market orders.

According to CTIA GROUP LTD, this week molybdenum concentrate prices increased by approximately RMB 20 per tonne-degree, up 0.50%; ferromolybdenum prices increased by approximately RMB 2,000/ton, up 0.77%; molybdenum oxide prices increased by approximately RMB 30 per tonne-degree, up 0.73%; sodium molybdate, ammonium heptamolybdate, and molybdenum powder prices showed no obvious changes temporarily.

On the news front: According to data compiled by CTIA GROUP LTD from the General Administration of Customs, in 2025 China's molybdenum products imports totaled 92,008,300 tonnes, increased by 16.54% year-on-year; cumulative import value amounted to RMB 14.922 billion, increased by 32.51% year-on-year. By import value, the top ten import sources for China's molybdenum products in 2025 were Peru, Chile, South Korea, the United States, Mexico, Kazakhstan, Mongolia, Thailand, the Netherlands, and Canada.

Price of molybdenum products on January 23, 2026

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