Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are generally in a weak and stable state. The recent market news is relatively under pressure, especially the long-term contract prices of some large tungsten companies are weaker than expected, which has led to a cooling of market sentiment and capital, and the spot demand purchase volume and price are under pressure.

Chinese rare earth prices fluctuate in a narrow range as a whole. In the case that the problem of oversupply of raw materials has not been solved and the production cost support is strong, traders are generally in a general mood to enter the market, so the transaction is limited. At present, many industry players are waiting for the arrival of the northern rare earth listing price next month.

Analysis of latest tungsten market from Chinatungsten Online

The overall tungsten price in the Chinese market is weakening. On the one hand, it is due to the pressure on the fundamental atmosphere. 

The Chinese molybdenum market is running steadily as a whole. With the supply and demand relationship relatively balanced and no major positive or negative news released on the policy side, buyers and sellers are mostly on the sidelines, so the transaction is average. At present, the industry focuses on the number and bids of molybdenum iron in steel companies' bidding.