I. Analysis of China’s Molybdenum Price Trends in June 2025

According to CTIA GROUP LTD, in June 2025, the price trends of China’s molybdenum raw materials and molybdenum chemical products perged slightly: molybdenum raw material prices followed a pattern of initial increase, stabilization, then decline, while molybdenum chemical product prices remained stable before declining.

Domestic export control measures for dual-use items continue to impact tungsten product exports. From March to May, exports of ammonium paratungstate (APT) and tungsten trioxides were zero, with only 2 kilograms of other tungsten oxides & hydroxides, nes exported in April. Notably, carbides of tungsten exports showed signs of gradual recovery from April to May.

According to data compiled by Chinatungsten Online from the General Administration of Customs, from January to May 2025, China's exports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) reached 5,995.50 tons, a year-on-year decrease of 24.36% compared to the same period in 2024. The export value was RMB 1.821 billion, reflecting a year-on-year decrease of 14.74%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, from January to May 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) reached 6,343.69 tons, a year-on-year increase of 22.29% compared to the same period in 2024. The import value was RMB 799 million, reflecting a year-on-year increase of 6.60%.