Molybdenum market update on January 16, 2026
This week, the domestic molybdenum market overall showed a pattern of initial decline followed by increase. At the beginning of the week, affected by the substantial price increase in molybdenum last week, many buyers' consumption willingness decreased somewhat; combined with the gradual exhaustion of bullish support, suppliers generally lowered quotations rationally. Towards the weekend, the obvious decline in raw material prices at the beginning of the week forced suppliers to enhance profit consciousness; plus the slight improvement in the international molybdenum market, some molybdenum product prices returned to an upward channel, but the increase amplitude was limited.
According to CTIA GROUP LTD, this week molybdenum concentrate prices decreased by approximately RMB 120 per tonne-degree, down 2.89%; ferromolybdenum prices decreased by approximately RMB 6,000/ton, down 2.25%; sodium molybdate prices decreased by approximately RMB 3,000/ton, down 1.60%; ammonium heptamolybdate prices decreased by approximately RMB 4,000/ton, down 1.55%; molybdenum powder prices showed no obvious changes temporarily; molybdenum oxide prices decreased by approximately RMB 120 per tonne-degree, down 2.84%.
On the news front: Data from the China Iron and Steel Association show that in early January 2026, key statistical steel enterprises produced a total of 19.97 million tonnes of crude steel, with an average daily output of 1.997 million tonnes, daily output increased by 21.6% month-on-month. By region, Northeast region crude steel daily output increased by 4,000 tonnes, North China region crude steel daily output increased by 102,000 tonnes, East China region crude steel daily output increased by 163,000 tonnes, Northwest region crude steel daily output increased by 12,000 tonnes, Southwest region crude steel daily output increased by 1,000 tonnes, Central and South China region crude steel daily output increased by 73,000 tonnes.
Price of molybdenum products on January 16, 2026
Images of yttrium molybdenum belt
