Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices overall maintained high levels in the week ended on Friday, December 8, 2023, characterized by a standoff in the market. The optimistic sentiment arises from strong support at the mining end and the upward adjustment of quotes by institutions and large enterprises in the latest round. 

At the beginning of the week, Chinese domestic molybdenum prices maintained a narrow range, influenced by factors such as moderate enthusiasm from downstream users for inquiries and purchases, strong support from production costs, and a rebound in international molybdenum prices. Supplier quotations remained relatively stable. 

On December 11, 2023, Chinese domestic rare earth market showed mixed trends in the prices of light and heavy rare earths. The prices of praseodymium and neodymium continued to decline, while the prices of dysprosium and terbium remained temporarily stable.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are temporarily stable in early December 7, 2023. Recent performances from the mining end exhibit a resilient stance, but consumer demand remains weak.