Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to rise in the week ended on Friday, April 19, 2024, with market sentiment factors relatively prominent.

At the beginning of the week, Chinese rare earth market was moderate, mainly characterized by fluctuations in prices of mainstream products within a reasonable range, strong confidence among suppliers to stabilize prices, and persistent downward pressure from downstream users. 

At the beginning of the week, Chinese molybdenum market showed positive momentum, mainly reflected in the continued increase in prices of various molybdenum products, relatively active inquiries and purchases from downstream users, and a widespread strong willingness among suppliers to withhold sales and maintain prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintain a high and stable trend, with the market gradually becoming cautious about chasing higher prices and returning to the fundamentals of supply and demand. The positive momentum in China's economic data in the first quarter provides further impetus to the relatively active metal market in recent times.

This week, Chinese rare earth prices showed a pattern of fluctuations, with prices rising and falling.

This week, Chinese molybdenum market showed a pattern of initial suppression followed by a rebound. At the beginning of the week, influenced by the significant increase in molybdenum prices mid-last week, steel companies generally turned to price suppression, leading to a slight decrease in molybdenum product prices. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten raw material prices continue to rise under the dominance of supply and market sentiment, driven by cost factors, coupled with the increase in demand for strategic resource hedging, and the driving force of the manufacturing industry repair process on the demand side. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to remain firm, with cautious sentiment towards chasing highs. 

Chinese rare earth prices are generally fluctuating within a narrow range, mainly due to limited room for price concessions from suppliers and increasing pressure from buyers to lower prices. 

Chinese molybdenum price maintains a stable and slightly strong trend, with a relatively balanced supply-demand relationship. However, discussions between buyers and sellers are somewhat stagnant, mainly due to weak price concessions from suppliers and low willingness from buyers to accept high prices, resulting in moderate market activity.