Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize at high levels, with cost considerations remaining dominant. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable with consolidation, although consumption conditions outside of essential demand are not ideal, the support from cost considerations forces smelters and downstream alloy companies to reluctantly raise their prices.

Chinese rare earth prices are generally stable, with some experiencing minor declines. This is mainly due to slow downstream demand, relatively ample spot market supply, and limited support from bullish news. 

Domestically, the overall focus of molybdenum prices continues to decline, with prices of molybdenum concentrate, sodium molybdate, and molybdenum powder decreasing by approximately 20 yuan per ton, 1,000 yuan per ton, and 5 yuan per kilogram, respectively. In this situation, both buyers and sellers are generally cautious, resulting in limited transactions.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten prices stabilized temporarily, with the firm attitude of the mining end remaining unchanged. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable in the week ended on Friday, March 15, 2024, with a firm sentiment in the primary tungsten market continuing to support the industry chain.

At the beginning of the week, Chinese rare earth prices remained within a narrow range, with prices of praseodymium-neodymium oxide and dysprosium oxide decreasing by approximately 3,000 yuan/ton and 20,000 yuan/ton respectively. 

At the beginning of the week, Chinese molybdenum market maintained a relatively weak trend. Although supported by factors such as high production costs, limited spot supply in the market, and downstream users maintaining basic demand procurement, most suppliers were unwilling to lower prices for shipments. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable, with market transactions lukewarm. 

Chinese rare earth prices showed a mixed pattern of rises and falls in the week ended on Friday March 15, 2024. At the beginning of the week, prices of mainstream products continued the trend of fluctuating declines seen in the previous two weeks.