Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable as primary markets show signs of recovery and increased willingness to explore higher prices. 

This week, the Chinese rare earth market exhibited a pattern of decline followed by a rebound. 

The Chinese molybdenum market remained relatively stable in the week ended on Friday, December 27, 2024. With molybdenum mining enterprises showing low willingness to cut prices and downstream users maintaining their price-suppression attitudes, trading activity was moderate, and product prices fluctuated within a reasonable range. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remained stable with a firmer trend, primarily driven by increased market sentiment to hold prices firm on the raw material side. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains in a state of cautious stagnation, with transactions driven by on-demand purchases. 

Domestic rare earth prices are generally stable with slight increases in specific areas. For instance, the price of praseodymium-neodymium oxide has risen by approximately 3,000 yuan/ton, and gadolinium oxide by about 4,000 yuan/ton.

The domestic molybdenum market remains generally stable, with intense price negotiations between buyers and sellers due to a mix of bullish and bearish factors. This has resulted in minimal price fluctuations and slow order growth. Currently, market participants are focusing on downstream demand and the export activities of molybdenum mining companies.

Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained stable. Last week, the major tungsten enterprises released their final annual long-term contract prices, primarily signaling market stabilization.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market has shown an overall trend of consolidation and stability in the week ended on Friday, December 20, 2024, with persistent stalemate and bargaining between upstream and downstream segments of the industry.