Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices exhibited a steady upward trend in the week ended on Friday, January 10, 2025, 

At the beginning of the week, the domestic rare earth market performed poorly, mainly due to the persistent issue of strong supply and weak demand. The prices of praseodymium-neodymium metal, terbium oxide, and holmium oxide remained stable at approximately 494,000 CNY/ton, 5,800 CNY/kg, and 415,000 CNY/ton, respectively.

At the beginning of the week, the domestic molybdenum market remained in a stalemate, with traders showing moderate enthusiasm for market operations and negotiations being somewhat active, resulting in a slow increase in orders.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains primarily stable as the Chinese New Year approaches. 

This week, the domestic rare earth market exhibited a trend of initial decline followed by a rebound. 

This week, the domestic molybdenum market performed relatively well. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices have recently shown a steady upward trend, primarily supported by the positive market stance of miners, 

Analysis of latest China tungsten market from Chinatungsten Online

The tungsten products industry is a small segment of the overall economy, akin to a single cell in the organism of society. Therefore, the broader sociopolitical and economic environment inevitably has a decisive impact on the tungsten products sector.

The Chinese rare earth market is performing moderately. Despite strong support from production costs, reduced output from some rare earth manufacturers, and optimistic development prospects in downstream industries, consumer enthusiasm remains low, leading to a scarcity of new orders.

The domestic Chinese molybdenum market continues to operate steadily, with prices showing no significant fluctuations.