Molybdenum market update on March 6, 2025

Domestic molybdenum price is showing an overall downward trend, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder continuing to decline by approximately 10 yuan/ton-degree, 1,000 yuan/ton, and 5 yuan/kg, respectively.

On February 28th, in response to recent inquiries from enterprises and following communication with relevant departments of the General Administration of Customs, the Ministry of Commerce (MOFCOM) provided answers to common identification questions regarding tungsten, tellurium, and related items. One of the highly anticipated questions was whether ammonium metatungstate falls under the scope of dual-use item controls.

On February 28, the Bureau of Safety and Control of the Ministry of Commerce (MOFCOM), based on recent inquiries from enterprises and in communication with relevant departments of the General Administration of Customs, provided answers to common identification questions regarding tungsten, tellurium, and related items.

Analysis of latest tungsten market from Chinatungsten Online

In March 2025, the forecast average prices by industry bodies and the long-term contract prices for the first half of the month set by several tungsten enterprises were adjusted downwards, clearly indicating a downtrend in the tungsten market.

Recently, according to the official website of the Jiangxi Provincial Market Supervision Administration, in recent years, the Ganzhou City Market Supervision Bureau has seized the opportunity to establish the National Tungsten and Rare Earth Industry Metrology Testing Center. By building a professional technical service platform and deeply implementing the "Three Comprehensives and One Proactive" metrology testing service, it has promoted the transformation of Ganzhou from a "resource treasure trove" to an "industrial highland," actively empowering the high-quality development of Jiangxi’s tungsten and rare earth industries.

Recently, Zhangyuan Tungsten Industry released a report stating that the company achieved operating revenue of 3.673 billion yuan in 2024, a year-on-year increase of 8.02%; operating profit of 224 million yuan, up 27.89% year-on-year; net profit attributable to the parent company of 177 million yuan, up 23.25% year-on-year; non-GAAP net profit of 185 million yuan, up 36.41% year-on-year; and basic earnings per share of 0.15 yuan, up 25.00% year-on-year. By the end of the reporting period, total assets reached 4.95 billion yuan, a year-on-year increase of 1.53%, and equity attributable to the parent company was 2.136 billion yuan, up 4.89% year-on-year.

Molybdenum market update on March 5, 2025

The domestic molybdenum market continues to operate on a generally weak trend, primarily reflected in the slight downward shift in the price center of most products and a lack of confidence among industry participants regarding the future market outlook. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder have decreased by approximately 10 yuan/ton-degree, 1,000 yuan/ton, and 5 yuan/kg, respectively.

Analysis of latest tungsten market from Chinatungsten Online

The overall trend of tungsten prices remains in a stalemate, showing weak stability. The complex international political and economic environment, coupled with sluggish industry demand, continues to exert bearish pressure on market sentiment.

Analysis of latest tungsten market from Chinatungsten Online

Molybdenum market update on March 4, 2025

The domestic molybdenum market is in a mediocre situation. With the intertwined influence of positive and negative factors, traders basically maintain rigid transactions, resulting in a relatively dull trading atmosphere in the market, limited actual trading volume, and a slight lack of confidence among industry players in the future market.