Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continued to be in the downward trend due to low trading activity both in sellers and buyers. Purchasers are not strong in stocking up and seek for low-price resources, resulting in thin trading volumes. With the approaching of New Year's Day, insiders raise the wait-and-see sentiment. 

Molybdenum concentrate price declined slightly while molybdenum powder and molybdenum oxide prices remained stable in the Chinese market. Facing pressure of capital shortage, enterprises tend to be cautious on trading before the holiday of New Year's Day. Market participants now wait and see the new guide prices from the market. 

Rare earth market quotation in China: domestic rare earth price maintains stability in the midweek due to capital pressure at the end of this year. Traders are still worried and only adjust offer levels slightly. The supply side remains tight. on the one hand, mines in Myanmar are banned importing into China; on the other hand, Chinese environmental protection is continuing, but news of purchasing and storage is quiet. 

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten prices maintain stability compared with last week due to bad trading atmosphere caused by the decline in new guide prices from large companies.