Analysis of latest tungsten market from Chinatungsten Online

In the first quarter of 2024, the tungsten market in China continued to maintain a steady and robust trend. Signals supporting the market came mainly from the supply side, while demand showed lukewarm performance. 

At the beginning of the week, the overall performance of the domestic molybdenum market was relatively weak, mainly reflected in the varying degrees of price declines in many products, low actual transaction volumes, and less favorable future expectations. 

At the beginning of the week, the domestic rare earth market showed mixed performance. Although prices of some products have seen certain increases, market transaction volumes remain low due to continued weak buying interest from downstream users. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to stabilize, with the market fundamentals maintaining a stalemate. Cost pressures are passively driving smelters to follow price increases, but there are fewer transactions at higher levels. While the overall macroeconomic situation in China remains positive, the global economic pressure amid geopolitical tensions casts uncertainty over tungsten consumption.