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. 

Molybdenum price in China is unchanged from the previous trading day as trading activity remains quiet in the market. Although operating rate increases, enterprises’ consumption for molybdenum raw materials is low. With the stabilization of international molybdenum prices, Chinese insiders hold different views on the outlook. In the short term, molybdenum price will still be stable.

Chinese rare earth price remains weak adjustment this week because rigid demand fails to meet market expectation and sellers do not benefit from purchasing and storage policy. 

Analysis of latest tungsten market from Chinatungsten Online

Xiamen Tungsten, a Chinese tungsten enterprise, released its first guide prices in July. APT was quoted at $304.2/mtu, a $3.5/mtu lower compared with last time.