July 2024 Overview: Stability and Fluctuations in China's Molybdenum Market

molybdenum powder photo

According to information from Chinatungsten Online, the overall trend of molybdenum product prices in China was relatively stable in July 2024. At the end of the month, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide were slightly higher than at the beginning of the month, while the prices of molybdate, molybdenum powder, and molybdenum bars were slightly lower. 

Read more: July 2024 Overview: Stability and Fluctuations in China's Molybdenum Market

Tungsten Powder and Tungsten Carbide Prices Stabilize in Late July 2024

tungsten ore image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable with slight support from the supply side, increasing cyclical stability and rebound intentions among suppliers, resulting in a reluctance to sell. 

Read more: Tungsten Powder and Tungsten Carbide Prices Stabilize in Late July 2024

Chinese Rare Earth Prices - July 29, 2024

cerium tungsten powder image

At the beginning of the week, Chinese rare earth prices fluctuated within a narrow range due to the interplay of various factors, leading to intense price negotiations among traders. 

Read more: Chinese Rare Earth Prices - July 29, 2024

China Tungsten Market Stabilized Amid Limited Supply and Stagnant Demand

tungsten filaments image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market has gradually entered a phase of stabilization, with limited supply-side variables and traders' resistance to further price drops. Additionally, the typhoon weather in the south has somewhat restrained the release of low-priced resources. However, there has been no substantial improvement in market demand, and the overall off-season atmosphere remains apparent.

Read more: China Tungsten Market Stabilized Amid Limited Supply and Stagnant Demand

Ferromolybdenum Prices - July 29, 2024

black TZM rods image

At the beginning of the week, Chinese molybdenum prices slightly declined. Specifically, molybdenum concentrate and ferromolybdenum prices dropped by approximately 20 yuan/ton and 1,000 yuan/ton, respectively. 

Read more: Ferromolybdenum Prices - July 29, 2024

 

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