Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is caught in a dilemma, with a tug-of-war between bullish and bearish sentiments. 

Analysis of latest tungsten market from Chinatungsten Online

In the second half of October, the long-term contract prices from major tungsten companies in China have been gradually released, showing an increase compared to the first half of the month, but the price increase is limited, reflecting a cautious and stable market attitude from companies. 

The domestic Chinese rare earth market continues to exhibit weakness. Although mainstream suppliers attempted tentative price increases in the past two days, strong pressure from downstream users to lower prices and a high level of market spot inventory have led to a decline in product prices today. 

The domestic Chinese molybdenum market remains stable, with a relatively balanced supply and demand relationship. The sentiment among traders is generally moderate, and mainstream molybdenum product prices fluctuate within a reasonable range, with limited actual transaction volume.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable at the beginning of the week, with a continued stalemate in market supply and demand. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has shown a stagnant upward trend in the week ended on Friday, October 18, 2024. 

At the beginning of the week, Chinese rare earth prices continued the downward trend observed last week. Specifically, the price of praseodymium oxide decreased by approximately 2,000 yuan/ton, neodymium metal by about 4,000 yuan/ton, terbium oxide by around 50 yuan/kg, and dysprosium oxide by approximately 30,000 yuan/ton. 

At the beginning of the week, Chinese molybdenum market remained stable, with a relatively balanced supply and demand situation. The negotiation atmosphere between buyers and sellers appeared somewhat stagnant, resulting in a moderate increase in orders and minimal price fluctuations for products. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to consolidate in a horizontal range, with intensified market competition. 

Chinese rare earth market has performed poorly, with limited downstream demand and gradually weakening support from positive factors, leading some suppliers to rationally lower their quotes and resulting in a reduced actual transaction volume.