Molybdenum market update on May 8, 2026

The domestic molybdenum market generally continued to maintain a high and slightly strong trend, mainly reflected in the continuous price increase of most products, positive trader sentiment, and relatively good actual transactions. Today, the prices of ferromolybdenum, sodium molybdate, and ammonium heptamolybdate increased by about RMB 2,000/ton, RMB 1,000/ton, and RMB 2,000/ton, respectively.

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market continues to face downward pressure, with price stabilization and recovery lacking substantial demand support.

Molybdenum market update on May 7, 2026

The domestic molybdenum price has generally shown a slight increase at a high level, with the prices of ferromolybdenum and ammonium tetrathiomolybdate both increased by around RMB 1,000/ton. However, under this market condition, trading sentiment is moderate and transactions are limited.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continued their weak trend, with little prospect of a significant improvement in the short-term supply and demand fundamentals. Market demand remained sluggish, and prices continued to face downward pressure. 

Molybdenum market update on May 6, 2026

The domestic molybdenum market generally maintained a high and stable level. On the first day after the May Day holiday, upstream and downstream enterprises have not yet resumed normal trading rhythm, resulting in no significant fluctuations in product prices.

Analysis of Latest Tungsten Market from Chinatungsten Online

Following the May Day holiday, the tungsten market remained relatively stable with a wait-and-see attitude, as buying and selling stalled, awaiting new price forecasts from industry institutions and guidance prices from major tungsten producers. 

Average Prices of Tungsten Products from January to April 2026

According to China Tungsten Online statistics, from January to April 2026, the average price of 65% wolframite concentrate was RMB 780,532/ton, up 441.96% year-on-year compared with the same period in 2025. The price at the end of April was 54.35% higher than at the beginning of the year.

Average Prices of Tungsten Products in April 2026

According to statistics from China Tungsten Online, in April 2026, the average price of 65% wolframite concentrate was RMB 889,286/ton, down 9.82% from the average in March 2026 and up 510.91% year-on-year compared with April 2025; the price at the end of the month was 27.92% lower than at the beginning of the month.

Analysis of Latest Tungsten Market from Chinatungsten Online

In April 2026, the Chinese tungsten market experienced a significant downward adjustment. 

Molybdenum market update on April 29, 2026

The domestic molybdenum market is generally showing a strong upward trend. With continued price increases driven by molybdenum mining companies' shipments and a reasonable level of procurement enthusiasm from downstream users, the prices of molybdenum concentrate and molybdenum oxide have both risen slightly to RMB 4,760/ton-degree and RMB 4,860/ton-degree, respectively.