Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten prices continue to stabilize, with a market supply-demand dynamic still in a state of contention between bulls and bears. Industry insiders have varied signals regarding the outlook, with mining maintaining a stance of supporting the market. 

The overall pricing in the Chinese rare earth market is relatively chaotic, with a variety of uncertainties influencing the attitudes of light and heavy rare earth suppliers differently. 

Chinese molybdenum price is showing a pattern of stabilization and rebound, primarily due to the simultaneous increase in steel demand and prices and the uptrend in the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices remained stable, and the market showed limited fluctuations. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices overall maintained high levels in the week ended on Friday, December 8, 2023, characterized by a standoff in the market. The optimistic sentiment arises from strong support at the mining end and the upward adjustment of quotes by institutions and large enterprises in the latest round. 

On December 11, 2023, Chinese domestic rare earth market showed mixed trends in the prices of light and heavy rare earths. The prices of praseodymium and neodymium continued to decline, while the prices of dysprosium and terbium remained temporarily stable.

At the beginning of the week, Chinese domestic molybdenum prices maintained a narrow range, influenced by factors such as moderate enthusiasm from downstream users for inquiries and purchases, strong support from production costs, and a rebound in international molybdenum prices. Supplier quotations remained relatively stable. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are temporarily stable in early December 7, 2023. Recent performances from the mining end exhibit a resilient stance, but consumer demand remains weak. 

The overall situation in the rare earth market this week is relatively weak, influenced by various uncertainties. Prices of light and heavy rare earths show divergent trends. 

This week, the overall Chinese domestic molybdenum prices showed a pattern of initial increase followed by a decline.