This week, China molybdenum price is showing a downward consolidation, primarily due to poor performance in the international molybdenum market, a slowdown in steel mill bidding, and a slight increase in downstream user price pressure. However, due to support from production costs, suppliers have limited room to offer discounts.

Analysis of latest tungsten market from Chinatungsten Online

The latest tungsten enterprises’ long-term contract prices have not seen adjustments, indicating a stable state in the tungsten market. The supportive sentiment from the tungsten mining end maintains resilience at the bottom of the tungsten industry chain. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continue to remain stable, with resilience observed at the mining end. Intermediate smelters and downstream users face challenges in balancing demand and resource supply costs, leading to a cautious and observant market sentiment. Overall, trading activity remains light.

Chinese rare earth market is currently caught in a dilemma, influenced by factors such as the difficulty in increasing downstream demand, continuous release of manufacturing capacity by producers, and tight capital conditions.