Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices continue to rise and APT price breaks through $312.9/mtu on April 27, 2023 mainly due to the strong rised mentality of tungsten raw material suppliers as well as the external speculation.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stable on February 20, 2024. On one hand, this is due to the lingering holiday atmosphere, with industry enterprises not yet fully resuming operations. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in the Chinese market are exhibiting a weak stability trend, with the market fundamentals still locked in a stalemate. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are consolidating, with recent fluctuations in the macroeconomic atmosphere and market sentiment having limited impact on the actual fundamentals. 

Chinese rare earth prices fluctuated within a narrow range, with praseodymium-neodymium oxide prices dropping by around RMB 1,000 per ton, terbium oxide prices remaining relatively stable, and dysprosium-iron alloy prices decreasing by about RMB 20,000 per ton.

Chinese molybdenum market remained stable, with a balance between bullish and bearish factors leading to only minor price fluctuations and moderate transaction volumes. On one side, suppliers were eager to maintain firm pricing and sell, while buyers were still pressing for lower prices. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable with no clear directional signals, as the market continues to grapple with the supply-demand balance. Although recent favorable macroeconomic conditions have boosted inquiry activity in the tungsten market, the rallying sentiment has moderated due to stock market adjustments and increasing caution in the metals sector. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are showing a steady upward trend. This is partly due to the positive macroeconomic environment and increased liquidity, which are supporting market sentiment. 

The domestic rare earth market continues to operate in a consolidating phase, with a relatively balanced supply-demand relationship, leading to somewhat stagnant negotiation atmospheres between buyers and sellers. As a result, prices fluctuate within a reasonable range, and actual transaction volumes remain limited. 

The domestic molybdenum market continues to maintain a strong performance, with market activity remaining high due to the interplay of both bullish and bearish factors, leading to decent transaction volumes. Currently, industry participants are closely monitoring the output from molybdenum mining companies and the pricing and volume of steel tenders.

Analysis of latest tungsten market from Chinatungsten Online

On the first trading day after the National Day holiday, China tungsten prices showed a steady and positive trend. 

Analysis of latest tungsten market from Chinatungsten Online

In the first three quarters of 2024, China's tungsten market showed an overall upward trend with fluctuations, marked by two peaks:

The domestic Chinese rare earth market continues to operate steadily with a slightly upward trend. Currently, the prices of neodymium oxide, terbium oxide, and dysprosium oxide have increased to approximately 435,000 RMB/ton, 6,000 RMB/kg, and 1,790,000 RMB/ton, respectively.

The domestic Chinese molybdenum market remains stable and firm on the first day after the National Day holiday. Although some traders have yet to resume normal trading activities, leading to moderate market activity, many participants are optimistic about the future market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to stabilize, with no significant changes in the supply structure. Demand potential has yet to be fully realized, and resources at the mining level remain tight. 

Analysis of latest tungsten market from Chinatungsten Online

The overall China tungsten price showed a sideways trend in the week ended on Friday, September 27, 2024. 

The domestic rare earth market remains resilient, though downstream demand has fallen short of expectations, limiting any significant price increases. However, ongoing favorable policy measures and strong production cost support have kept suppliers from reducing prices. 

The domestic molybdenum market has remained stable, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder reported at approximately 3,690 yuan per ton, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to hover, with market transactions and negotiations remaining under pressure, primarily constrained by insufficient demand. Although macroeconomic sentiment has slightly improved recently, the release of fundamental market benefits remains limited, affecting overall trading volume and pricing performance.

Chinese rare earth prices have slightly increased overall in the week ended on Friday September 27, 2024. However, due to various uncertainties, the price trends for light and heavy rare earths have shown some divergence, and the momentum for order growth appears to be somewhat weak.