Molybdenum market update on January 12, 2026
On Monday, the domestic molybdenum market overall showed a trend of high-level oscillation. Under the circumstances of weakening steel tender prices and limited positive support, many suppliers once again lacked sufficient momentum to raise prices, with ferromolybdenum producers' quotations decreasing by approximately RMB 1,000/ton.
Recently, steel companies entering the market to tender for ferromolybdenum include Henan Fengbao Special Steel, Tsingshan Holding Group, Angang Steel Company Limited, Shanxi Taigang, etc. The sharp climb in molybdenum prices at the beginning of last week was the main reason leading to the contraction of downstream demand in recent days.
Price of molybdenum products on January 12, 2026
Images of molybdenum crucible
