Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remained stable on Monday, as the tug-of-war between market supply and demand remained intense. Overall trade confidence was under pressure, and transaction prices mainly referred to the long-term contract prices of major tungsten enterprises.

According to data from the United States Geological Survey (USGS), in 2024, the import volume of tungsten ore and concentrate in the United States will be about 1,500 tons, a year-on-year decrease of about 8.54%; the import volume of other tungsten products will be about 8,900 tons, a year-on-year decrease of about 11.00%; the export volume of tungsten ore and concentrate will be about 2,000 tons, a year-on-year increase of about 10.42%; the export volume of other tungsten products will be about 3,300 tons, a year-on-year decrease of about 32.45%; the price of tungsten concentrate denominated in WO3/KT is expected to be US$250, a year-on-year decrease of about 3.10%. Note: Other tungsten products include tungstate, ferrotungsten, tungsten carbide, tungsten powder, unwrought tungsten, wrought tungsten forms and tungsten waste.

According to data from the United States Geological Survey (USGS), in 2024, the United States' molybdenum concentrate production is expected to be 33,000 tons, a year-on-year decrease of about 2.94%, accounting for 12.69% of the world's total production; the import volume of molybdenum ore and its concentrate is expected to be 16,000 tons, a year-on-year decrease of about 1.23%; the import volume of molybdenum primary products is expected to be 13,000 tons, a year-on-year decrease of about 3.70%; the export volume of molybdenum ore and its concentrate is expected to be 45,000 tons, a year-on-year decrease of about 8.16%; the export volume of molybdenum primary products is expected to be 5,500 tons, a year-on-year increase of about 30.02%; the reported consumption is 16,000 tons, the same year-on-year; the apparent consumption is 12,000 tons, a year-on-year increase of about 10.09%.

Molybdenum market update on February 24, 2025

At the beginning of the week, the domestic molybdenum market as a whole maintained a sideways trend.