Unraveling the Surge: Factors Driving the Rapid Rise in Tungsten Prices

tungsten needles image

Analysis of latest tungsten market from Chinatungsten Online

As pointed out by Chintungsten Online upon returning from the long holiday of May Day, tungsten product prices have surged by 20% by the end of last week ended on Saturday, May 11, 2024. 

Read more: Unraveling the Surge: Factors Driving the Rapid Rise in Tungsten Prices

Tungsten Prices Have Been Rising Rapidly Since the Holiday of May Day

black tungsten wire image

Analysis of latest tungsten market from Chinatungsten Online

1.All tungsten products rose by more than 20%, and hard alloys are difficult to describe in a few words

Read more: Tungsten Prices Have Been Rising Rapidly Since the Holiday of May Day

Chinese Molybdenum Prices - May 13, 2024

molybdenum boats image

At the start of the week, Chinese molybdenum prices showed a slight weakness at high levels. This is due to decreasing downstream demand and a reduction in the strength of supportive news. 

Read more: Chinese Molybdenum Prices - May 13, 2024

Chinese Rare Earth Prices - May 13, 2024

praseodymium oxide image

Chinese rare earth prices are currently exhibiting a sideways consolidation trend. Although market demand has fallen short of expectations due to high current prices, existing raw material inventories at downstream production enterprises, and tight liquidity, suppliers have generally maintained firm quotations. 

Read more: Chinese Rare Earth Prices - May 13, 2024

China Tungsten Prices Continue to Rise Strongly in the First Week after May Day

barium tungsten cathode photo

Analysis of latest tungsten market from Chinatungsten Online

Amidst tightened tungsten supply chain and increased environmental pressure on smelters, China tungsten prices continue to rise strongly in the first week after May Day.

Read more: China Tungsten Prices Continue to Rise Strongly in the First Week after May Day

 

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