Molybdenum market update on March 5, 2026

The domestic molybdenum market continues to maintain a positive trend, mainly reflected in the fact that the prices of most products remain firm at high levels, and traders are showing high levels of market activity. Today, the prices of molybdenum concentrate, molybdenum ferroalloy, and ammonium heptamolybdate are approximately RMB 4,460 per ton-degree, RMB 287,000 per ton, and RMB 279,000 per ton, respectively.

Average Prices of Tungsten Products from January to February 2026

From January to February 2026, the average price of 65% wolframite concentrate was RMB 591,444/ton, up 308.27% year-on-year from January-February 2025; the price at the end of February increased by 73.91% compared to the beginning of the year.  

Average Prices of Tungsten Products in February 2026

In February 2026, the average price of 65% wolframite concentrate was RMB 698,667/ton, up 382.36% year-on-year from February 2025 and up 35.70% month-on-month from January 2026; the price at the end of the month increased by 29.03% compared to the beginning of the month.

Molybdenum market update on March 4, 2026

The overall domestic molybdenum market remains firm. Against the backdrop of a complex and ever-changing macro environment and relatively balanced supply and demand fundamentals, the consistency of negotiations between buyers and sellers is relatively low, product price increases are limited, and actual transaction volumes are constrained.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continued their firm upward trend, supported by factors such as tight supply, resilient demand, and international geopolitical risks. However, actual market trading was cautious due to cost and funding pressures. The tungsten scrap recycling sector exhibited some cyclical fluctuations.

On March 2nd, several listed tungsten companies issued announcements regarding abnormal stock price fluctuations, warning of risks associated with the recent rapid rise in stock prices and reminding investors to be aware of secondary market trading risks. Chinatungsten online has compiled and summarized the main risks as follows:

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market's boom continues. Market optimism stems primarily from policy and sentiment-driven constraints on the supply side, the strengthening of tungsten's strategic and critical mineral resource status, and increased capital allocation preferences, all supporting the robust price trend. 

1. Analysis of China Molybdenum Price Trends in February 2026

According to CTIA GROUP LTD, in February 2026, China molybdenum products price trends showed first rise, then stable, then rise again.

Analysis of Latest Tungsten Market from Chinatungsten Online

Entering the first week of March, the tungsten market continued its strong upward trend since February. This was driven by several factors: limited operating rates at mines exacerbated supply constraints, while escalating geopolitical risks and a revaluation of the strategic metal's worth dominated current market sentiment.

Molybdenum market update on March 2, 2026

On Monday, the domestic molybdenum market overall maintained high-level stable operation. Amid the interplay of bullish and bearish factors, negotiations between buyers and sellers were slightly stalemated, with no obvious changes in product prices and limited new orders.