Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to explore higher levels, but the market volume and price are not matching. This current upward cycle is mainly driven by the scarcity of tungsten ore resources and the active resonance in the commodities market. 

Chinese rare earth market as a whole has entered a stalemate phase. With the May Day holiday approaching, downstream users have gradually completed their procurement plans. Supported by factors such as strong production cost and positive future expectations, suppliers have limited room for price concessions, leading to a slightly stronger wait-and-see sentiment in the market. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price continues its strong trend on April 28, 2024, with the tight supply led by tungsten ore still ongoing. The market speculation is intensified by the recent rainy weather in the southern regions, exacerbating the situation of tight market resources. 

Chinese molybdenum market is showing a pattern of stability with a slight weakness. With the supply-demand relationship relatively balanced, discussions between buyers and sellers are somewhat deadlocked, leading to a noticeable decrease in product prices compared to the previous days, as well as a slow increase in orders.