Tungsten Market Stagnates Amid Supply-Demand Tug-of-War and Macro Challenges

tungsten polymer rods image

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains in a state of cautious stagnation, with transactions driven by on-demand purchases. 

Read more: Tungsten Market Stagnates Amid Supply-Demand Tug-of-War and Macro Challenges

Domestic Rare Earth Prices - December 25, 2024

erbium oxide image

Domestic rare earth prices are generally stable with slight increases in specific areas. For instance, the price of praseodymium-neodymium oxide has risen by approximately 3,000 yuan/ton, and gadolinium oxide by about 4,000 yuan/ton.

Read more: Domestic Rare Earth Prices - December 25, 2024

December 23, 2024: Rare Earth Market Update

praseodymium oxide image
At the beginning of the week, the domestic rare earth market continued to underperform. With downstream demand yet to show significant growth and some suppliers eager to liquidate their inventories, the prices of major products have further declined to varying degrees.

Read more: December 23, 2024: Rare Earth Market Update

Molybdenum Product Prices - December 25, 2024

molybdenum sheets image

The domestic molybdenum market remains generally stable, with intense price negotiations between buyers and sellers due to a mix of bullish and bearish factors. This has resulted in minimal price fluctuations and slow order growth. Currently, market participants are focusing on downstream demand and the export activities of molybdenum mining companies.

Read more: Molybdenum Product Prices - December 25, 2024

China Tungsten Prices Stabilized with Final Annual Long-term Contract Prices Released

thorium tungsten rings image

Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained stable. Last week, the major tungsten enterprises released their final annual long-term contract prices, primarily signaling market stabilization.

Read more: China Tungsten Prices Stabilized with Final Annual Long-term Contract Prices Released

 

WeChat