Chinese molybdenum market continues to show a stalemate pattern. With supply and demand relatively balanced and macroeconomic optimism gradually being absorbed, traders are largely adopting a cautious wait-and-see approach. This has resulted in low market activity and limited transaction volumes.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable with a watchful stance on November 11, 2024.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price showed a firm upward trend in the week ended on Friday, November 8, 2024, driven by tight supply conditions. 

At the beginning of the week, the domestic rare earth market continued to operate steadily. 

At the beginning of the week, the domestic molybdenum market continued to display a stalemate, with neither a clear upward nor downward trend. 

Strand tungsten filaments are critical components in various high-temperature and precision applications in modern technology. 

A strand tungsten filament is a thin, flexible wire made from tungsten, a chemical element known for its exceptional strength, high melting point, and resistance to heat. Tungsten, with an atomic number of 74, has the highest melting point of any metal—over 3,400°C (6,150°F)—making it ideal for use in applications where high temperatures are encountered.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to remain flat as the market adopts a wait-and-see attitude. 

This week, Chinese rare earth market remained stable, with limited trading activity and low transaction volumes. Supply-side sellers held strong bullish sentiment, while downstream demand from end-users continued to show little improvement. According to China Tungsten Online, suppliers’ confidence in maintaining stable prices is supported by several factors:

This week, China molybdenum price remained steady overall, with transaction prices for molybdenum oxide, ferromolybdenum, and ammonium tetramolybdate hovering around 3,840 yuan per ton, 242,000 yuan per ton, and 230,000 yuan per ton, respectively.