Analysis of latest tungsten market from Chinatungsten Online

Since January, expectations for tungsten market supply and demand have shifted. International tungsten prices have strengthened due to supply chain concerns arising from China's export controls, while domestic tungsten prices have weakened as producers resume operations but the demand side fails to respond adequately.

According to the announcement by the International Trade Administration (ITA) of the United States, on February 13, 2025, the U.S. Department of Commerce (Commerce, USDOC) announced its preliminary affirmative determination in the antidumping duty (AD) investigation of certain tungsten shot from the People’s Republic of China (China). USDOC is also conducting a concurrent countervailing duty (CVD) investigation of certain tungsten shot from China.

Molybdenum market update on February 18, 2025

The domestic molybdenum market generally maintains a weakly consolidated operation. Amid the interweaving of bullish and bearish factors, the trading atmosphere among traders is rather subdued, leading to limited market trading volume and narrow-range fluctuations in product prices.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is characterized by a strong stalemate atmosphere. This is due to the insufficient elasticity of tungsten ore supply and limited purchasing demand from consumers.

Recently, the official website of the Jiangxi Provincial Development and Reform Commission showed that the average price of 65 kinds of daily necessities included in the monitoring catalogue in Jiangxi increased by 40, decreased by 18, and remained unchanged by 7. Among them, the price of tungsten concentrate in industrial production materials remained unchanged, the price of rare earth remained unchanged, the price of steel fell more than it rose, and the price of copper rose slightly.

According to the announcement of the Jiangxi Provincial Natural Resources Department, the Second Geological Brigade of Jiangxi Geological Bureau has transferred the detailed exploration rights for the Xujiajian W-Sn Mine in Fuliang County, Jiangxi Province, with a transfer price of RMB 0.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market exhibited a weak but stable trend on Monday, as demand was sluggish, impacting business sentiment. Tungsten raw material prices were under pressure and showed signs of easing.

Molybdenum market update on February 17, 2025

At the beginning of the week, the domestic molybdenum market as a whole continued to maintain a sideways operation.

On February 4, 2025, the Ministry of Commerce announced its decision to implement export controls on tungsten-related items, including tungsten alloy, tungsten-copper alloy, tungsten-silver alloy, tungsten-nickel-iron alloy, tungsten-nickel-copper alloy, etc., with specific characteristics or dimensions.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices experienced a slight decrease this week. Firstly, as the market resumption rate gradually increases, demand has not significantly risen, leading to a weakening of price support due to tight raw material supplies. Secondly, minor reductions in tungsten raw material quotes from large tungsten enterprises further affected traders' confidence.