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.

At the beginning of the week, the domestic rare earth market showed a general upward trend, with praseodymium-neodymium metal price increasing by approximately 7,000 yuan/ton, terbium oxide price rising by about 100 yuan/kg, and dysprosium oxide price going up by around 10,000 yuan/ton.

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. 

At the beginning of the week, the domestic molybdenum market continued to maintain stable operations, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder at approximately 3,660 yuan per ton-degree, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.