Stalemate in the Tungsten Market: Supply Constraints and Weak Demand Drive Price Dynamics

tungsten carbide powder image

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is experiencing a stalemate with an upward trend. On the supply side, the tight availability of mineral resources and limited operating rates at smelters are driving strong price support, while on the demand side, restocking sentiment remains weak. Market negotiations between buyers and sellers are ongoing, but overall transaction volumes have not significantly increased.

Read more: Stalemate in the Tungsten Market: Supply Constraints and Weak Demand Drive Price Dynamics

Rare Earth Market Update - August 21, 2024

erbium oxide image

The domestic rare earth market is generally stable, with mixed sentiments among traders of light and heavy rare earths. This is mainly reflected in the continued price rise of praseodymium-neodymium (Pr-Nd), while dysprosium (Dy) and terbium (Tb) prices are facing resistance to further increases.

Read more: Rare Earth Market Update - August 21, 2024

70% Ferro Tungsten Price Remained Flat Due to Lukewarm Demand

tungsten alloy blocks image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained a stable trend, with the market reflecting a tug-of-war between strong raw material prices and cautious demand, leading to continued stagnation in overall transactions.

Read more: 70% Ferro Tungsten Price Remained Flat Due to Lukewarm Demand

Chinese Molybdenum Prices - August 21, 2024

customized molybdenum sheets image

Chinese molybdenum prices have shown no significant changes recently, with molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate prices stabilizing around 3,660 CNY/ton degree, 239,000 CNY/ton, and 231,000 CNY/ton, respectively. 

Read more: Chinese Molybdenum Prices - August 21, 2024

China Tungsten Prices Show Steady Upward Trend Amid Market Variability

tungsten hexachloride image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices generally exhibited a steady upward trend in the week ended on Friday, August 16, 2024, driven primarily by the reluctance of miners and APT (Ammonium Paratungstate) producers to sell at lower prices. 

Read more: China Tungsten Prices Show Steady Upward Trend Amid Market Variability

 

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