Chinese rare earth price continues to maintain a relatively weak operation overall, mainly attributed to the lower-than-expected consumption capacity of downstream users and an increase in the willingness of some suppliers to sell at lower prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have been maintaining a strong upward trend, with market sentiment remaining optimistic. The supply of tungsten remains tight and prices are high, especially as environmental inspections by central authorities in major production areas are adding pressure to the supply chain. 

Chinese molybdenum price is generally showing a pattern of stability with a slight weakness in the week ended on Friday, May 17, 2024. As the favorable factors gradually diminish, the consumption market is slowly transitioning from a seller's market to a buyer's market. 

Analysis of latest tungsten market from Chinatungsten Online

In mid-May, the tungsten market is entering a relatively sensitive phase, with mixed opinions on the future. Those holding inventory are generally optimistic, but any minor fluctuation could trigger a new wave of price volatility, reminiscent of the butterfly effect in the Amazon rainforest.