Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices on Monday showed stability, with the market fundamentals continuing to reflect tight supply and weak demand. The transaction stance between buyers and sellers remained stalemated.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have shown a firm upward trend in the week ended on Friday November 15, 2024. 

At the beginning of the week, the domestic rare earth market remained weak overall. Prices for terbium oxide, holmium oxide, and dysprosium-iron alloy dropped by approximately 70 yuan/kg, 2,000 yuan/ton, and 20,000 yuan/ton, respectively. 

At the start of the week, Chinese molybdenum prices fluctuated within a narrow range. This was primarily due to the strong sentiment among molybdenum mining enterprises to hold onto inventory and support prices, contrasted with a decline in both volume and prices from steel procurement.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market remains stable for now. 

Chinese rare earth market is generally experiencing a downward trend in the week ended on Friday, November 15, 2024, with prices for various rare earth products showing broad declines. Specifically:

The domestic Chinese molybdenum market remains relatively calm in the week ended on Friday, November 15, 2024. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable, with recent pricing power slightly favoring sellers. However, buyer acceptance is insufficient, and high-level transactions are relatively sluggish.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have maintained a stable position, primarily supported by a firm stance on the tungsten mine side. However, downstream end-users remain cautious in their purchasing activities due to demand pressure and concerns over high prices, resulting in limited market activity and sluggish actual transactions.

The domestic rare earth market continues to show a "price but no market" pattern.