1. Analysis of China Molybdenum Price Trends in January 2026
According to CTIA GROUP LTD, in January 2026 the price trend of China molybdenum products was first strong upward, then rational callback, and then sideways operation. At the beginning of the month, molybdenum raw material prices continued the strong upward trend from the end of last year, mainly attributed to simultaneous increases in steel tender volume and price as well as obvious quotation increases from mainstream molybdenum mining enterprises; in the middle of the month, due to reduced acceptance of high-priced goods by downstream users and gradual exhaustion of bullish support, suppliers rationally lowered quotations; at the end of the month, against the background of relatively balanced supply and demand, product prices fluctuated within a narrow range.
2. Average Prices of Molybdenum Products in January 2026
In January 2026, the average prices of most molybdenum products in China increased both month-on-month and year-on-year. Among them, molybdenum concentrate averaged RMB 4,050 per tonne-degree, increased by 9.31% month-on-month and increased by 12.56% year-on-year; ferromolybdenum averaged RMB 262,381/ton, increased by 9.46% month-on-month and increased by 12.67% year-on-year; molybdenum oxide averaged RMB 4,125 per tonne-degree, increased by 8.47% month-on-month and increased by 11.55% year-on-year; sodium molybdate averaged RMB 184,000/ton, increased by 6.65% month-on-month and increased by 14.29% year-on-year; ammonium tetramolybdate averaged RMB 248,762/ton, increased by 6.55% month-on-month and increased by 11.05% year-on-year; ammonium heptamolybdate averaged RMB 253,524/ton, increased by 6.74% month-on-month and increased by 11.19% year-on-year; molybdenum powder averaged RMB 480/kg, increased by 6.43% month-on-month and increased by 12.94% year-on-year; molybdenum bar averaged RMB 482/kg, increased by 6.17% month-on-month and increased by 4.78% year-on-year.
