Analysis of latest tungsten market from Chinatungsten Online

The short-term tungsten market remains stable as the Ganzhou Tungsten Association (GTA) and major tungsten enterprises have released their latest price guidance. 

Chinese rare earth prices showed a trend of fluctuating decline in the week ended on Friday June 7, 2024, among which the price of praseodymium-neodymium oxide dropped from about 377,000 yuan/ton to about 364,000 yuan/ton; the price of terbium oxide dropped from about 6,060 yuan/kg to about 5,790 yuan/kg. 

Chinese molybdenum price generally showed a high consolidation situation in the week ended on Friday June 7, 2024, mainly due to the low willingness of molybdenum mining enterprises to reduce sales and the general performance of steel bidding volume and price. 

Tungsten copper heat sinks are indispensable components in various industries, known for their exceptional thermal conductivity and mechanical strength. 

Introduction:

Heat management is a critical aspect of many industries, from electronics to aerospace. In this quest for efficient heat dissipation, tungsten copper heat sinks have emerged as invaluable tools. 

Tungsten-copper composite material is a kind of pseudo-alloy composed of tungsten and copper elements. It combines the high melting point, high density, and low coefficient of thermal expansion of tungsten with the high electrical conductivity and thermal conductivity of copper, providing strong support for the rapid and efficient transmission of 5G technology.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are temporarily stable, with the overall market situation still in a downward cycle. 

Analysis of latest tungsten market from Chinatungsten Online

Since the end of May, tungsten prices have entered a rational correction cycle after trading sideways at high levels, with some relief in the market supply chain tension. 

Chinese rare earth prices overall remain within a narrow range of fluctuations, mainly due to continued weak downstream demand and persistent anxiety among suppliers.

The Chinese molybdenum market overall remains in a consolidating operation. With both weak supply and demand, there's intense price bargaining between buyers and sellers. Material suppliers have a relatively low willingness to reduce prices, while buyers are cautious in their consumption, resulting in subdued market trading activity and limited new orders.