Chinese rare earth prices continue to shift slightly downward.

Analysis of latest tungsten market from Chinatungsten Online

The overall Chinese tungsten price is in the downward trend in the week ended on Friday, June 21, 2024, mainly due to the 3%-5% drop in the long-term contract prices of tungsten raw materials of large tungsten enterprises in the second half of the month, which has weakened market sentiment, poor business buying and selling initiative, and continued game of supply and demand. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were sideways on Monday, and the market stability signal has not yet been clear. Due to the low initiative of downstream users in the industrial chain to purchase and stock up due to cost and demand factors, the atmosphere of profit-taking in the raw material market still exists. The short-term tungsten market is still under pressure, and the news is updated.

At the beginning of the week, the domestic Chinese rare earth market showed a mixed pattern of ups and downs. Under the influence of many uncertain factors, the mentality of light and heavy rare earth traders was different, mainly reflected in the tentative increase in the price of praseodymium and neodymium, while the price of dysprosium and terbium continued to fall.