Analysis of latest tungsten market from Chinatungsten Online

In May 2024, the overall trend of the China tungsten market continued the upward momentum from April. 

At the beginning of the week, Chinese molybdenum prices fluctuated within a narrow range. This was mainly attributed to the strong sentiment among molybdenum mining companies to hold onto stocks in anticipation of price increases, as downstream demand remained relatively stable and spot inventories in the market were low. 

At the beginning of the week, Chinese rare earth prices continued the downward trend from last week. Among them, the prices of praseodymium-neodymium metal dropped by another approximately 9,000 yuan per ton, terbium oxide dropped by around 200 yuan per kilogram, and dysprosium iron alloy dropped by about 30,000 yuan per ton. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have remained stable as the market struggles to reach an effective balance between supply and demand.