Analysis of latest tungsten market from Chinatungsten Online
On December 26, 2024, on the anniversary of a great leader's birth in China, two models of China's sixth-generation fighter jets made their debut, and the Navy's Type 076 "Sichuan" ship was launched. This historic moment signifies China's demonstration of its military technology and air-sea combat capabilities, built on its economic, technological, and social strength, to a world fraught with uncertainty.
It also foreshadows that 2025 could be one of the most complex and tumultuous years in human history. The international political, economic, and military landscape is expected to undergo profound transformations in 2025, influenced by events such as the rise of the U.S. MAGA team, turmoil in the Middle East, political shifts in Germany and France, instability in South Korea, and the dynamics of China’s relations with the U.S., Japan, Europe, and ASEAN. Additionally, factors like South-South cooperation, the BRICS mechanism, and the Belt and Road Initiative will significantly shape China's foreign trade structure, alongside developments in the internationalization of the RMB, exchange rates, interest rates, and domestic economic policies.
The Central Economic Work Conference at the end of 2024 emphasized that "the negative impacts brought by changes in the external environment are deepening. China's economic performance still faces numerous difficulties and challenges, primarily insufficient domestic demand, operational difficulties for some enterprises, pressure on employment and income growth, and persistent risks and hidden dangers."
Chinatungsten Online predicts that the tungsten products market in 2025 will mirror the national macroeconomic situation, with even more complex influencing factors and a mix of challenges and opportunities.
Beyond traditional market factors—such as the significant price fluctuations and trends in 2024, various domestic and international supply-demand factors, the impact of price levels on tungsten product pricing, changes in traditional tungsten product consumption markets, and normal government regulatory measures—additional challenges and uncertainties may arise. These include:
The potential "futurization" of tungsten products.
Non-market behaviors driven by new Western political ideologies.
Extreme scenarios in China-U.S. and China-Europe relations.
Military events affecting tungsten production areas.
Possible sudden shifts in the Northeast Asian situation, such as significant improvements in China-Japan relations.
Given these factors, the tungsten industry is likely to face a more severe and prolonged period of complexity, possibly lasting 2-3 years.
Regarding tungsten market prices, based on the characteristics and layout of the tungsten product industry chain, as well as supply-demand dynamics, monetary and exchange rate policies, and domestic and international political-economic factors—particularly sensitive military conflicts and other complex situations—Chinatungsten Online forecasts:
In 2025, tungsten product prices will experience repeated fluctuations, with the annual average price remaining roughly the same as at the end of the previous year.
Chinatungsten Online
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