Analysis of latest tungsten market from Chinatungsten Online 

On Monday, tungsten prices remained stable, with a continued atmosphere of supply-demand tug-of-war. The macro environment was disrupted by U.S. tariff policies, leading most participants to adopt a wait-and-see approach. The overall market showed a sideways consolidation trend, with ongoing attention to market signals and policy changes.

With the continuous evolution of China-US trade relations, key metal mineral products have become an important area of contention between the two sides. The United States has imposed tariffs of up to 125% on Chinese goods, but key minerals and energy products such as tungsten and rare earths are included in the exemption list. However, as a countermeasure, China has implemented export controls on tungsten, molybdenum, and some medium and heavy rare earth-related items on February 4 and April 4, 2025, respectively. This policy asymmetry has brought significant development opportunities for China's tungsten cemented carbide industry, especially in the fields of high-end cutting tools and machine tools, where restrictions on American companies have provided Chinese companies with the space to seize the market.

Quotations from Chinese Tungsten Enterprises in the First Half of April 2025

Analysis of latest tungsten market from Chinatungsten Online 

This week, tungsten prices showed overall stability with slight increases, but trading activity remained subdued. 

Molybdenum market update on April 11, 2025

This week, the domestic molybdenum market in China displayed a trend of initial stability followed by a decline. At the start of the week, factors such as stable steel procurement volumes and prices, moderate growth in spot supply, and robust production cost support prompted suppliers to maintain steady quotations.

On April 2, the White House announced that the United States has entered a state of national emergency and imposed a 10% "reciprocal tariff" on all trading partners. At the same time, it released an exemption list, excluding copper, pharmaceuticals, semiconductors, wood products, certain critical minerals, and energy and energy products from the new tariffs.

Analysis of latest tungsten market from Chinatungsten Online 

Tungsten prices are temporarily stable. Under the interweaving of macro-volatile environment and market supply and demand, traders remain cautious and wait-and-see.

Molybdenum market update on April 9, 2025

The domestic molybdenum market in China is performing moderately overall. Amid numerous uncertainties, intense price negotiations between buyers and sellers have made it difficult to update product prices and have limited transaction volumes. Currently, industry participants are closely monitoring the shipment dynamics of molybdenum mining companies, the performance of steel procurement volumes and prices, and the impact of the escalating China-US trade war on the molybdenum market.

Analysis of latest tungsten market from Chinatungsten Online 

Tungsten prices remain strong, with the main driving force coming from the support of the supply side. The quotations of major producing institutions and several large tungsten companies increased significantly during the week, further stimulating the market sentiment of tungsten raw material holders.

Molybdenum market update on April 8, 2025

The domestic molybdenum market in China has generally maintained a weak but stable performance. Against the backdrop of a relatively balanced supply-demand relationship and the escalation of the China-US trade war, market enthusiasm remains moderate, and product prices have shown no significant changes for the time being.