Analysis of latest tungsten market from China Tungsten Online

China’s tungsten price has been stagnant and stable, and the stalemate situation in the upstream and downstream of the industrial chain has continued. The raw material side of the stock market has been constrained by the supply and demand side. The price increase space is limited, while the downstream market is cautiously watching in terms of cost and order quantity. 

China molybdenum price showed a firm and stable trend in the week to Friday October 19. The tight spot supply in the market and the increase in ferro molybdenum price in the steel biddings led to a rise in sentiment, especially the price of ferro molybdenum stood at 140,000 yuan per ton.

Rare earth market quotation in China: This week, China’s rare earth price showed different trend. Praseodymium neodymium varieties were affected by the demand side pressure and the downgrade of the listed prices of large enterprises. The quotation showed a steady weakening of the market, and the market transaction atmosphere was deserted. 

Analysis of latest tungsten market from China Tungsten Online

China tungsten price is generally stable, raw material market by the cost of support mentality is still strong, foreign quotation last agent on high, and the back-end enterprise procurement is still cautious, waiting for the follow-up of the actual order volume.