Molybdenum market update on January 14, 2026
The domestic molybdenum market overall showed a pressured downward trend, mainly due to simultaneous declines in steel tender volume and price, strong profit-taking sentiment among suppliers, weak international molybdenum market trend, and insufficient confidence among industry players in the future market. In the short term, industry insiders are focusing on downstream inquiry and procurement situation before the Spring Festival and shipment dynamics of molybdenum mining enterprises.
In the molybdenum concentrate market, with reduced downstream inquiry activity and oscillating downward international molybdenum prices, many suppliers became cautious in quotations, and product prices declined to around RMB 3,990 per tonne-degree. In the ferromolybdenum market, the overall trend was average, with obvious price-pressing sentiment from steel enterprises and quotation reductions from molybdenum mining enterprises, causing shaken confidence among ferromolybdenum manufacturers to support prices, with ferromolybdenum prices decreased by approximately RMB 3,000/ton today; however, some steel enterprises are still willing to enter the market to tender for ferromolybdenum. In the molybdenum chemical and related products market, buying and selling atmosphere in the market was relatively quiet. With both buyers and sellers basically maintaining rigid transactions, product prices mainly adjusted passively following fluctuations at the raw material end, with current molybdate prices decreased by approximately RMB 3,000/ton.
On the news front: Data from the China Iron and Steel Association show that in early January 2026, social inventory of the five major steel varieties in 21 cities was 7.11 million tonnes, decreased by 100,000 tonnes month-on-month, down 1.4%, with the decline amplitude narrowed; increased by 480,000 tonnes compared to the same period last year, up 7.2%. By region, social steel inventory in the seven major regions showed mixed increases and decreases month-on-month, with East China recording the largest volume reduction and Central China showing the largest percentage decline. In early January, social inventory of the five major steel varieties showed mixed increases and decreases month-on-month, with wire rod recording the largest increase amplitude and rebar showing the largest decline amplitude; year-on-year, cold-rolled coil was the variety with the largest volume increase and percentage increase, while rebar inventory decreased.
Price of molybdenum products on January 14, 2026
Images of molybdenum sheet
