Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices adjusted slightly downwards, mainly due to the new round of lower long-term contract prices from two major tungsten companies in China. The primary reason for the decrease was the easing of the industry's "tight supply" situation after the resumption of work following the Spring Festival, although the risk of "weak demand" remained significant.
However, due to the objective fact of tightening tungsten ore resources and the instability of the international environment, businesses mainly adopted a cautious strategy. Before clear directional news emerged, the room for market adjustment was limited.
Regarding tungsten and molybdenum export control measures, market discussions remained heated. According to research by Chinatungsten Online, industry participants generally believed that in the short term, overseas users' willingness to stockpile tungsten raw materials would increase. However, for long-term planning, customers would also begin searching for alternative supply chains. In response to this, companies focused their internal strategies on integrating upstream resources, expanding high-value-added products, and optimizing the industrial chain. Externally, they enhanced user stickiness to consolidate and expand their market share.
On the macro front, according to the National Bureau of Statistics, in January 2025, affected by the Spring Festival, the country's Consumer Price Index (CPI) rose by 0.5% year-on-year, an increase of 0.4 percentage points compared with the previous month and exceeding market expectations. The month-on-month increase was 0.7%, up 0.7 percentage points from the previous month. The core CPI, excluding food and energy prices, rose by 0.6% year-on-year. The Producer Price Index (PPI) nationwide fell by 0.2% month-on-month, with the decline widening by 0.1 percentage points compared with the previous month. Year-on-year, PPI fell by 2.3%, unchanged from the previous month.
Prices of tungsten products on February 11, 2025
Picture of customized tungsten alloy columns
