Molybdenum market update on February 28, 2026

The first week after the Spring Festival, the domestic molybdenum market overall performed well, mainly attributed to increased enthusiasm among downstream users for inquiries and procurement, heightened geopolitical risks overseas prompting upward valuation of strategic metals, reduced output at some domestic molybdenum manufacturers, and favorable development trends in molybdenum downstream industries such as military and high-end equipment.

Analysis of Latest Tungsten Market from Chinatungsten Online

In February 2026, the Chinese tungsten market continued its strong momentum. Except for the three days before the Spring Festival holiday when prices stabilized, the prices of major tungsten raw materials generally saw daily jumps of RMB 10,000/ton to RMB 60,000/ton, with a cumulative monthly increase of 30% and a year-to-date increase of nearly 80%.

Analysis of Latest Tungsten Market from Chinatungsten Online

The rapid and strong surge in tungsten prices since the resumption of work after the Spring Festival has fueled speculative sentiment in the tungsten market, leading to significant disruptions in the overall pricing system. 

Molybdenum market update on February 27, 2026

The domestic molybdenum prices overall continued to shift upward in center of gravity, with molybdenum concentrate price increased by approximately RMB 15 per ton-degree, molybdenum oxide price increased by approximately RMB 30 per ton-degree, and ammonium tetramolybdate price increased by approximately RMB 5,000/ton.

Analysis of Latest Tungsten Market from Chinatungsten Online

Since resuming work after the 2026 Spring Festival, the tungsten market has not entered a buffer period for demand verification, but instead has experienced a surge in prices driven by sentiment and supply. On the third day after work resumed, prices of major tungsten raw materials and tungsten scrap had already risen by about 10%. 

Molybdenum market update on February 26, 2026

The domestic molybdenum market overall showed a relatively favorable trend. With strong reluctance among suppliers to sell while firmly supporting prices, increased downstream inquiries, and the continuously prominent status of strategic metal resources, the center of gravity of most product prices shifted significantly upward, with actual transaction volume expanding.

Molybdenum market update on February 25, 2026

On the first trading day after the holiday, the domestic molybdenum market overall welcomed a strong opening, with the center of gravity of most product prices shifting significantly upward, including molybdenum concentrate price increased by approximately RMB 80 per tonne-degree, ferromolybdenum price increased by approximately RMB 5,000/ton, and molybdenum powder price increased by approximately RMB 5/kg.

Analysis of Latest Tungsten Market from Chinatungsten Online

Yesterday, a major tungsten company in Jiangxi announced a new long-term purchase quotation higher than mainstream market expectations, catalyzing a firm market trend and causing a broad-based surge in tungsten product prices.

Molybdenum market update on February 24, 2026

On the first trading day after the holiday, the domestic molybdenum market overall welcomed a strong opening, with the center of gravity of most product prices shifting significantly upward, including molybdenum concentrate price increased by approximately RMB 80 per tonne-degree, ferromolybdenum price increased by approximately RMB 5,000/ton, and molybdenum powder price increased by approximately RMB 5/kg.

Analysis of Latest Tungsten Market from Chinatungsten Online

On the first trading day after the Spring Festival, the tungsten raw material market was in the early stages of resumption of work, with the operating rate not yet fully recovered, but market prices generally remained firm.