Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to decline, with various stages of the industry chain still under considerable pressure, mainly due to weak demand. Buyers are purchasing as needed and negotiating prices accordingly, while sellers are cautiously reducing their willingness to offer discounts. 

This week, the overall domestic Chinese rare earth market is weak. 

This week, the domestic Chinese molybdenum market has remained stable overall. Key characteristics include traders having a general lack of enthusiasm for market operations, mainstream product prices staying relatively stable, and very few new orders being placed.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in the Chinese market are persistently falling, primarily due to the increasing complexity and uncertainty in domestic and international consumption environments. 

Analysis of latest tungsten market from Chinatungsten Online

The decline in China tungsten prices shows no sign of stopping, with recent news providing insufficient positive momentum.

Domestic Chinese rare earth prices continue to decline overall. 

The domestic Chinese molybdenum market has been relatively stable overall, with subdued trading activity and difficulty in updating product prices. This is mainly due to a decrease in downstream user consumption and a reluctance from suppliers to reduce prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued their downward adjustment trend in the middle of July 2024. 

On July 10, 2024, a new antidumping (AD) and countervailing duty (CVD) petition was filed against imports of Tungsten Shot from China. Tungsten shot is used to produce shotgun shot.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stagnant in the week ended on Friday, July 12, 2024, with no significant updates in market fundamentals. Weak demand continues to influence market sentiment, while supply-side attitudes towards selling and cashing out remain divided, suppressing overall transaction focus.