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.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price remains stable, and a new round of quotes from institutions and tungsten companies were released at the beginning of the month, which is overall in line with the current market situation and has boosted the sentiment of participants.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable for now, with the latest round of long-term contract prices from tungsten companies showing limited increases. This has suppressed the market's bullish sentiment and negotiations on prices, with industry players waiting for the announcement of guide prices from other large enterprises.