Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices have been in a downward trend for a long time on the weakness both at home and abroad. Some sellers appear unwilling to lower prices in some region while others are active in sales. ChinaTungsten Online thinks that market participants should treat the market rationally and rigid demand still offers supports. 

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, tungsten prices in China remain weak adjustment on usual quiet trading activity and negative atmosphere in off-peak season. Affected by the weakness in terminal market, prices for tungsten products continue to decline, cutting profits of enterprises.

The latest price of ferromolybdenum, molybdenum concentrate and molybdenum oxide declines slightly compared with last trading day. Molybdenum raw material production return and declining prices of steel biddings weaken favorable factors in the market. Limited orders in off-peak season and weak consumption also affect Chinese market greatly. Taken together, Chinese molybdenum market will continue its weakness. 

Rare earth price in Chinese market maintains stability from last trading day. Buyers and sellers have different psychological prices. As a result, trading volumes are difficult to increase. Considering heavy wait-and-see atmosphere in upstream and downstream of the industry chain, rare earth price is expected to stabilize in the short term.