Tungsten Market Analysis: July 2024 Overview and Future Outlook

cesium tungsten bronze image

Analysis of latest tungsten market from Chinatungsten Online

In July 2024, the overall tungsten market in China is in a bottom-seeking phase, with the maximum decline in tungsten ore prices reaching 8.5% during the month. Since the downward cycle began at the end of May, the total decline has reached 17.2%. Weak market demand and panic selling by traders are the main negative factors.

Read more: Tungsten Market Analysis: July 2024 Overview and Future Outlook

Tungsten Concentrate Prices Began to Stabilize After a Drop of over 17%

ferro tungsten photo

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in the Chinese market have slightly risen, with a relatively tight supply and a market-supporting sentiment spreading to the mid-to-downstream segments of the industry chain. 

Read more: Tungsten Concentrate Prices Began to Stabilize After a Drop of over 17%

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

July 2024 Update: China's Rare Earth Market Performance and Price Trends

erbium oxide photo

According to information from Chinatungsten Online, the overall performance of China's rare earth market in July 2024 was unsatisfactory. Under the intertwining of various bullish and bearish factors, the attitudes of light and heavy rare earth traders varied, and market transactions did not meet expectations.

Read more: July 2024 Update: China's Rare Earth Market Performance and Price Trends

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

 

WeChat