Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are generally weak due to the deadlocked market. The supply side has been relatively weak recently with the end of the environmental protection checks. And the market sentiment of profit-taking and cashing out has increased traders' willingness to release resources. 

Chinese rare earth market as a whole showed a mixed pattern of ups and downs in the week ended on Friday, June 14, 2024. 

Chinese molybdenum market was calm this week, mainly due to the general downstream demand, low willingness of suppliers to make price concessions, and no major positive or negative news released in the market. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are temporarily in a stalemate in the middle of June 2024. Sellers' confidence has weakened, and buyers are not willing to buy high-priced raw materials. The market as a whole is in a stalemate and negotiation atmosphere, and the number of completed orders is limited.

Chinese rare earth prices have moved down slightly again, among which the price of praseodymium oxide has dropped by about RMB 5,000/ton, the price of praseodymium-neodymium oxide has dropped by about RMB 6,000/ton, and the price of gadolinium oxide has dropped by about RMB 2,000/ton. 

The domestic Chinese molybdenum market as a whole maintains a stable operation. With the small profit margin of raw material suppliers and the low consumption enthusiasm of buyers, the market is in a wait-and-see mood and the order growth rate is slow. At present, the industry focuses on the shipment of mining enterprises and the performance of steel bidding volume and price.

The domestic Chinese molybdenum market as a whole maintains a stable operation. With the small profit margin of raw material suppliers and the low consumption enthusiasm of buyers, the market is in a wait-and-see mood and the order growth rate is slow. At present, the industry focuses on the shipment of mining enterprises and the performance of steel bidding volume and price.

Analysis of latest tungsten market from Chinatungsten Online

On the first day after the Dragon Boat Festival, China tungsten prices were temporarily stable. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices exhibited a pattern of initial decline followed by stabilization. 

The overall domestic rare earth market is still weak. Under the influence of many uncertain factors, the price trends of light and heavy rare earth products are slightly different, that is, the price of praseodymium and neodymium remains stable, while the price of dysprosium and terbium continues to decline slightly.