Analysis of latest tungsten market from Chinatungsten Online

After the Qingming Festival, the tungsten market continued its stance of firmness amid stagnation. The firmness stemmed from tight supply and strong demand sentiment from the mining end, while the stagnation was attributed to the complex macro environment and purchasing hesitancy among buyers. The market appeared to be in a state of having prices but lacking transactions, with deals being implemented on an as-needed basis.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten market maintained a stable foundation supported by firm prices of tungsten raw materials. Recently, the announcement of long-term contract prices by tungsten enterprises and relatively positive macroeconomic news further supported the relatively high prices of tungsten products. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintain a firm trend, with relatively tight supply in the market and limited demand-side benefits. The atmosphere of stagnant trading persists, and with the implementation of a new round of firm adjustments in long-term quotations by tungsten enterprises, the tungsten raw materials continue to drive the overall market trend of the industry chain, awaiting follow-up transactions at high levels.

Prices of mainstream light and heavy rare earth products in China have generally increased. Specifically, praseodymium oxide has increased by approximately 7,000 yuan per ton, praseodymium-neodymium metal by approximately 8,000 yuan per ton, gadolinium oxide by approximately 2,000 yuan per ton, terbium oxide by approximately 100 yuan per kilogram, and dysprosium oxide by approximately 10,000 yuan per ton.