Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices were under downward pressure this week due to increased profit-taking by holders and slow restocking by buyers, widening the market's negotiable space. Furthermore, price reductions announced by major tungsten companies during the week further impacted market sentiment. 

Molybdenum market update on September 26, 2025

This week, the domestic molybdenum market overall exhibited a steady but slightly weak pattern, with most suppliers adjusting their quotes downward amid continuously declining steel bidding prices, oscillatory drops in international molybdenum prices, and insufficient price support from the raw material side for downstream products.

Molybdenum market update on September 25, 2025

The overall focus of domestic molybdenum prices continues to shift slightly downward, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum scrap decreasing by approximately 10 yuan per ton-unit, 1,000 yuan per ton, and 5 yuan per kilogram, respectively. Under these conditions, downstream user demand has not significantly increased, resulting in a slow pace of market order growth.

Recently, the official website of the Shaanxi Provincial Department of Natural Resources reported that during the "14th Five-Year Plan" period, the state assigned Shaanxi 11 mineral exploration targets, adding a total of 91,100 tons of tungsten, 422,700 tons of molybdenum, 133.12 tons of gold, 50,700 tons of copper, 24,000 tons of antimony, 30,800 tons of lithium, 7.782 million tons of graphite, 4.1089 million tons of manganese, 207,900 tons of vanadium, 1.314 million tons of fluorite, and 2,289 tons of cobalt. Additionally, 688,000 tons of rutile, 4,211 tons of rare earths, 8 million tons of phosphorus, and 230,000 tons of lead-zinc were added. The preliminary estimated potential economic value is 300 billion yuan. This achievement is attributed to Shaanxi's implementation of 380 mineral exploration projects, which newly delineated 122 exploration target areas and formed 35 large and medium-sized mineral deposits, exceeding the national target tasks.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices have remained stagnant, with trading activity quiet. Suppliers are unwilling to trade price for volume and resist a significant price reduction, offering only modest discounts to maintain liquidity. Buyers are reluctant to purchase at high prices, and restocking is rare outside of essential needs. 

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continued to weaken, primarily due to the gradual shift from previous speculative demand to speculative supply, leading to a shift in market fundamentals and sentiment, which in turn dampened prices. 

Molybdenum market update on September 24, 2025

The domestic molybdenum market overall maintained a sideways pattern, with some product prices experiencing a slight decline due to the inability of bullish sentiment from the raw material side to effectively support stable downstream market operations and the continued downward pressure on ferromolybdenum bids from steel enterprises.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remained under pressure, and market activity was sluggish. Long-term order quotations from major tungsten companies in Fujian and Jiangxi Provinces were released one after another, with a weakening trend impacting overall market sentiment. While panic selling on the tungsten raw material side hasn't occurred, the market continues its downward trend due to cyclical fluctuations in supply and demand.

Molybdenum market update on September 23, 2025

The domestic molybdenum price overall fluctuated within a reasonable range, with a subdued market trading atmosphere and limited actual transaction volumes, amid heightened wait-and-see sentiment among downstream users and strong reluctance to sell with price support from suppliers.

Recently, according to People's Daily, in recent years, Dayu County has focused on developing three major industrial clusters: tungsten and non-ferrous metals, micron-nano powder new materials, and new energy and new energy vehicle components. The county has established a digital transformation leadership group and working team, built a "5G + Industrial Internet" platform system, and progressively advanced the digital and intelligent transformation of enterprises. Digital transformation is rapidly becoming a core engine for fostering new quality productive forces.