Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment on thin trading volumes, pressure of funds and bad market sentiment. In the short term, businesses wait for the next move in tungsten average prices released by large enterprises and terminal demand. 

Chinese molybdenum prices are in the downward trend, with strong support from raw material market but continued weak demand in the terminal market. Early-stage risks that prices are high have not yet released completely. Purchases in steel tenders become more cautious, enterprises affected by environmental protection orient their works to the needs of the market, and enquiry also reduces.

Rare earth market quotation in China: domestic rare earth price continues its stability on deadlocked supply and demand in the market. On the one hand, the supply of molybdenum ores is limited; on the other hand, the demand side shows no signs of recovery and sellers face pressure on sales. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices remain weak adjustment owing to the weakness in both demand and funds sides, reduced production in downstream factories and low spot activity.