Analysis of latest tungsten market from Chinatungsten Online

In April 2024, the tungsten price in China continued its upward trend, driven mainly by the widening supply gap at the tungsten ore end. 

Domestic molybdenum market overall maintains a relatively positive trend. 

The overall prices of rare earths in the domestic market have been fluctuating within a narrow range. With the supply and demand situation relatively balanced, negotiations between buyers and sellers have resulted in a slightly sticky atmosphere, leading to low market trading activity and a slow pace of order growth. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to explore higher levels, but the market volume and price are not matching. This current upward cycle is mainly driven by the scarcity of tungsten ore resources and the active resonance in the commodities market.