Analysis of latest tungsten market from Chinatungsten Online

The latest tungsten enterprises’ long-term contract prices have not seen adjustments, indicating a stable state in the tungsten market. The supportive sentiment from the tungsten mining end maintains resilience at the bottom of the tungsten industry chain. 

China molybdenum price is currently consolidating within a narrow range, influenced by a relative balance in supply and demand. The difficulty in raising raw material prices for suppliers and limited bargaining space for purchasers have contributed to a slowdown in market transactions compared to the early days of this month.

Chinese rare earth market is currently caught in a dilemma, influenced by factors such as the difficulty in increasing downstream demand, continuous release of manufacturing capacity by producers, and tight capital conditions. 

At the beginning of the week, Chinese tungsten prices maintained a stable trend, with mining maintaining a resilient stance and alloy sectors cautiously negotiating for purchases. Intermediate smelting companies faced pressure from both ends, resulting in slow overall resource circulation and a trading deadlock.