In January 2026, the Chinese molybdenum market price trend was first strong upward, then rational callback, and then sideways operation. In January, molybdenum concentrate averaged RMB 4,050 per ton-degree, increased by 9.31% month-on-month; ferromolybdenum averaged RMB 262,381/ton, increased by 9.46% month-on-month; molybdenum oxide averaged RMB 4,125 per ton-degree, increased by 8.47% month-on-month; ammonium heptamolybdate averaged RMB 253,524/ton, increased by 6.74% month-on-month; molybdenum powder averaged RMB 480/kg, increased by 6.43% month-on-month; molybdenum bar averaged RMB 482/kg, increased by 6.17% month-on-month.

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