Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable with consolidation, although consumption conditions outside of essential demand are not ideal, the support from cost considerations forces smelters and downstream alloy companies to reluctantly raise their prices.

Domestically, the overall focus of molybdenum prices continues to decline, with prices of molybdenum concentrate, sodium molybdate, and molybdenum powder decreasing by approximately 20 yuan per ton, 1,000 yuan per ton, and 5 yuan per kilogram, respectively. In this situation, both buyers and sellers are generally cautious, resulting in limited transactions.

Chinese rare earth prices are generally stable, with some experiencing minor declines. This is mainly due to slow downstream demand, relatively ample spot market supply, and limited support from bullish news. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten prices stabilized temporarily, with the firm attitude of the mining end remaining unchanged.