en.Wedoany.com Reported - The latest monitoring data released by the China Nonferrous Metals Industry Association shows that in April 2026, China's tungsten-molybdenum industry prosperity index stood at 55.2, down 3.2 percentage points from March, still within the "moderately hot" range. The leading index for the month was 64.9, down 9.3 percentage points from March; the coincident index was 78.0, up 1.4 percentage points from March. The monthly prosperity index for China's tungsten-molybdenum industry indicates that the sector has undergone a phased adjustment over the past 13 months.
Looking at the composition of the prosperity signal lights, among the nine indicators that constitute China's tungsten-molybdenum industry prosperity index in April, five were in the "normal" range, three indicators (tungsten-molybdenum price index, tungsten-molybdenum main business revenue index, and tungsten-molybdenum total profit index) were in the "moderately hot" range, and the crude steel output index was in the "excessively cold" range. China's tungsten-molybdenum industry prosperity index experienced a slight decline compared to March but remains in a high operating range.
In terms of sub-indicators, the tungsten-molybdenum price index was 197.9, down 3.1 percentage points from March, but still in the "moderately hot" range. The cemented carbide index was 102.8, up 7.6 percentage points month-on-month, in the "normal" range. The main business revenue index for the tungsten-molybdenum industry was 193.9, up 49.6 percentage points month-on-month, in the "moderately hot" range. The profit index for the tungsten-molybdenum industry was 153.5, up 47.9 percentage points month-on-month, also in the "moderately hot" range. The crude steel output index within China's tungsten-molybdenum industry prosperity index was -46.7; although it rose 31.1 percentage points month-on-month, it remained in the "excessively cold" range.
China's tungsten-molybdenum industry prosperity index shows that the decline in the leading index in April was mainly affected by the correction in tungsten-molybdenum prices, persistently weak demand for crude steel, and a slowdown in the growth rate of cemented carbide demand. Although the prosperity index has pulled back, the tungsten-molybdenum price, revenue, and profit indices are all in the moderately hot range, with corporate profitability continuing to rise. China's tungsten-molybdenum industry prosperity index is undergoing a short-term adjustment, but the overall industry remains in a high prosperity cycle.
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