Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a slight upward trend on August 12, 2024. The supply side appeared somewhat strong, while demand-side pressures have not significantly improved. Traders continue to take a cautious approach, leading to moderate trading activity.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable overall in the week ended on Friday, August 9, 2024.

At the beginning of the week, the domestic rare earth market displayed a generally stable but slightly stronger trend, primarily due to strong production cost support and an increased awareness among suppliers to raise prices. 

At the beginning of the week, Chinese molybdenum price remained relatively stable, with molybdenum concentrate, ferromolybdenum, and molybdenum powder quoted at around 3,650 yuan/ton, 239,000 yuan/ton, and 440 yuan/kg, respectively. 

Tungsten (W) wire is used in knitting for cut-resistant cloth due to its unique combination of properties that enhance the protective capabilities of the fabric. Here are the key reasons:

Protective gloves play a critical role in ensuring the safety of individuals working in hazardous environments, particularly where the risk of cuts and abrasions is high. 

Cut-resistant tungsten wire refers to tungsten wire specifically designed and utilized in the production of fabrics and materials that require high levels of cut resistance. Tungsten, known for its exceptional hardness and strength, is an ideal material for this purpose.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have generally plateaued, supported by tightening resources and improved market sentiment. However, weak demand has limited upward momentum, leading to continued stagnation in trading across the tungsten industry, with confidence in the market remaining divided.

Chinese rare earth price showed a trend of rising initially and then declining in the week ended on Friday, August 9, 2024. 

Chinese molybdenum price remained relatively stable in the week ended on Friday, August 9, 2024, with prices of major products showing little change and traders primarily maintaining transactions based on just-in-time needs.