According to a statement on the website of the Ministry of Commerce of the People's Republic of China dated May 9, 2025:

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continue to soar on Monday, and the market enthusiasm runs high.

Molybdenum market update on May 9, 2025

In the first week after the May Day holiday, the domestic molybdenum market in China continued its positive trend from before the holiday, driven by strong price-holding sentiment from molybdenum mining companies and increased inquiry and procurement activity from downstream users.

Analysis of Latest Tungsten Market from Chinatungsten Online

This week, the tungsten market continued to rise, with tungsten raw material prices increasing by over 2%, driven by tight supply, cost pressures, and confidence bolstered by upward adjustments in long-term contracts by tungsten enterprises. However, demand has shown no significant improvement, with rising raw material prices and global economic uncertainties intensifying buyer caution.

Molybdenum market update on May 8, 2025

The domestic molybdenum market in China maintains a relatively positive outlook, with high shipment initiative from molybdenum mining companies and concentrated ferromolybdenum tendering by steel companies driving stable product prices and decent market trading activity.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continued to rise strongly, supported by factors including the tight fundamentals of tungsten ore supply and the sharp increase in quotations by industry institutions and leading tungsten companies that attracted much attention at the beginning of the month, which further boosted market confidence. 

Molybdenum market update on May 7, 2025

The domestic molybdenum market in China maintains a stable-to-strong trend, primarily reflected in the continued price increase of most molybdenum products and a relatively positive sentiment among traders entering the market.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continue to rise, mainly driven by the significant increase in quotations from two major tungsten companies in Jiangxi and Fujian. 

Molybdenum market update on May 6, 2025

The domestic molybdenum market maintained a generally positive trend. On the first trading day after the May Day holiday, many traders had not yet fully resumed normal operations, resulting in lower market activity and limited price increases.

Analysis of Latest Tungsten Market from Chinatungsten Online

After the holidays, the tungsten market showed a high-level stalemate, and both buyers and sellers were temporarily in a strategic assessment period.