Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to be unchanged on deadlocked supply and demand, uncertain fundamental and macroscopic sides. Unusually quiet trading activity in tungsten market appears to press prices down. At present, weakness in terminal demand affects the market greatly, further lowering transaction prices. In the short term, tungsten price changes slightly.

Opening this week, Chinese molybdenum price is unchanged from last week owing to increasing stop production in mines in major molybdenum production areas. 

Rare earth market quotation in China: domestic rare earth price maintains stability earlier in this week. Although sellers have strong rised mentality, market prices are hard to rise in the short term without supports from the supply and policy side. At present, the off season and Sino-US trade friction make traders deadlocked in trading.

Analysis of latest tungsten market from ChinaTungsten Online

Trading in the raw material market continues to be thin and thus consumption for tungsten primary products is weak. Before the release of guide prices from large tungsten enterprises and institutions, businesses are generally negative about the outlook.