Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remained firm overall on Monday. Signals from the raw material sector point toward a strengthening market, with cost support gradually filtering through to midstream and downstream segments. Market liquidity has improved, though transactions remain largely limited to small volumes. In the near term, the focus is on the finalized long-term procurement prices from major tungsten enterprises.

Analysis of Latest Molybdenum Market from Chinatungsten Online

On Monday, China’s molybdenum market as a whole showed a pattern of volatile weakness. Driven by a new round of steel mill tender price cuts, quotations for products across the industrial chain generally declined slightly.

Analysis of Latest Tungsten Market from Chinatungsten Online

This week, the tungsten market showed a tentative recovery driven primarily by supply-side sentiment. Prices of major tungsten products rebounded noticeably from the bottom, and liquidity along the industrial chain improved somewhat. However, transactions remained dominated by small, rigid-demand orders as the market waited for further validation from the demand side.

Analysis of Latest Molybdenum Market from Chinatungsten Online

This week, China’s molybdenum market showed a continuous downward trend, mainly affected by the continuous weakening of steel tender ferromolybdenum prices and the continuous cooling of the international molybdenum market. Suppliers' panic sentiment heated up, and their willingness to reduce prices for shipments was relatively strong. However, supported by production costs, some holders' willingness to hold back sales and support prices strengthened somewhat.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices have remained temporarily stable, with some local markets probing higher, while the supply and demand sides have yet to fully synchronize in pace.

Analysis of Latest Molybdenum Market from Chinatungsten Online

China’s molybdenum market as a whole maintained a weak and stable operation, mainly reflected in the phenomenon of price stabilization across many products and steady order growth. Today, the prices of molybdenum concentrate, ferromolybdenum, and sodium molybdate were approximately RMB 5,350/mtu, RMB 333,000/ton, and RMB 225,000/ton, respectively.

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market is generally in a phase of steady upward movement. Holders are increasingly firm on their pricing, a stance that is gradually translating into actual transactions. Market liquidity and confidence, however, still require further restoration. Yesterday, the guidance price issued by a major enterprise in Jiangxi remained notably robust, providing a boost to market sentiment.

Analysis of Latest Tungsten Market from Chinatungsten Online

Following a chaotic and sharp decline in the tungsten market after the National Day holiday, a clear shift in sentiment has emerged, driven by large-scale procurement from major tungsten enterprises.

Molybdenum market update on October 20, 2026

China’s molybdenum prices overall continued the trend of slow decline exploration.

Molybdenum market update on October 19, 2026

On Monday, China’s molybdenum prices as a whole showed a high-level pullback, mainly due to steel enterprises continuously suppressing ferromolybdenum procurement prices, the unabated slow decline in international molybdenum prices, and increased profit-taking sentiment among suppliers.