Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to decline, primarily due to prominent market fundamentals conflicts. 

Chinese molybdenum prices have fluctuated within a narrow range on July 3, 2024. With the supply and demand relatively balanced, traders' willingness to engage has been moderate, resulting in low market activity and few new orders. Most industry players believe that the market will maintain a sideways consolidation trend in the short term.

The domestic rare earth market remains stable overall on July 3, 2024. Although Northern Rare Earth prices stayed flat month-on-month and the announcement of the "Rare Earth Management Regulations" boosted market confidence to some extent, weak demand from downstream users continues to make it difficult for product prices to rise.

Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained stable with a wait-and-see attitude.