Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained stable with a wait-and-see attitude.

Analysis of latest tungsten market from Chinatungsten Online

In the first half of 2024, China's tungsten market experienced a trend of rising to a peak and then falling back, driven by fundamentals, macroeconomic factors, financial conditions, and market sentiment. The price trends of tungsten products can be roughly divided into three stages:

Chinese rare earth prices are partially stable with some slight increases. Despite the current weak downstream demand, the significant and prolonged decline in rare earth prices and high energy costs have forced many suppliers to strengthen their price support awareness. 

At the beginning of the week, the domestic Chinese molybdenum market maintained a generally weak and stable operation. This is mainly attributed to the moderate enthusiasm of downstream users for inquiries and purchases and the reluctance of raw material suppliers to rush shipments. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to decline, mainly due to the recent selling intentions on the supply side and the bargaining sentiment on the demand side, putting pressure on the market fundamentals. 

Designing a tungsten copper (WCu) heat sink for specific applications involves a comprehensive understanding of the material properties and the operational environment. 

Tungsten copper (WCu) heat sinks are renowned for their unique combination of properties, making them indispensable in high-performance electronic and thermal management applications. 

Analysis of latest tungsten market from Chinatungsten Online

The price of tungsten continues to decline steadily. In the short term, the market supply and demand margins are relatively loose. Coupled with the drag on sentiment, overall trade conditions are under pressure and consolidation.

Chinese molybdenum prices are generally showing a persistent downward trend. The prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate have dropped by approximately 90 RMB/ton degree, 2,000 RMB/ton, and 2,000 RMB/ton respectively. Currently, industry players are focusing on the performance of steel bidding volumes and prices.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is still in the weak adjustment with deadlocked market costs and demand, and low trading activity in the market.