Molybdenum market update on January 5, 2026
The domestic molybdenum market overall showed good performance, mainly reflected in high enthusiasm among traders for participating in operations, continued price increases for most products, and acceptable actual transaction volume.
In the molybdenum concentrate market, overall trading activity was relatively high. With steady downstream demand and molybdenum mining enterprises generally reluctant to sell while bullish on the future market, molybdenum concentrate transaction prices rose to around RMB 3,920 per tonne-degree.
In the ferromolybdenum market, buying and selling atmosphere in the market was active. Steel enterprises successively entering the market to tender for ferromolybdenum and rising molybdenum concentrate sales prices both significantly boosted confidence among intermediate smelters to raise quotations, with ferromolybdenum prices increased by approximately RMB 4,000/ton today. Recently, steel enterprises entering the market to tender for ferromolybdenum include Jiangsu Shagang, Hebei Iron & Steel, Guangdong Shaogang, Zhongnan Steel, Changshu Longteng, etc.
In the molybdenum chemical and related products market, with terminal customers basically maintaining rigid demand procurement and suppliers not eager to ship goods, product prices mainly adjusted correspondingly with fluctuations in raw material sales prices. Currently, sodium molybdate, ammonium heptamolybdate, and molybdenum powder prices are approximately RMB 180,000/ton, RMB 246,000/ton, and RMB 465/kg respectively.
On the news front: Data from the China Iron and Steel Association show that in late December, social inventory of the five major steel varieties in 21 cities was 7.21 million tonnes, decreased by 3.6% month-on-month, decreased by 13.4% compared to late November, and increased by 9.4% year-on-year. During the same period, social inventory of the five major steel varieties decreased to varying degrees month-on-month except for a slight increase in medium and heavy plates, with rebar recording the largest volume reduction and percentage decline; year-on-year, plate variety inventories increased while long product inventories decreased.
Price of molybdenum products on January 5, 2026
Images of molybdenum crucible
