Analysis of latest tungsten market from Chinatungsten Online

In the first three quarters of 2024, China's tungsten market showed an overall upward trend with fluctuations, marked by two peaks:

The domestic Chinese rare earth market continues to operate steadily with a slightly upward trend. Currently, the prices of neodymium oxide, terbium oxide, and dysprosium oxide have increased to approximately 435,000 RMB/ton, 6,000 RMB/kg, and 1,790,000 RMB/ton, respectively.

The domestic Chinese molybdenum market remains stable and firm on the first day after the National Day holiday. Although some traders have yet to resume normal trading activities, leading to moderate market activity, many participants are optimistic about the future market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to stabilize, with no significant changes in the supply structure. Demand potential has yet to be fully realized, and resources at the mining level remain tight. 

Analysis of latest tungsten market from Chinatungsten Online

The overall China tungsten price showed a sideways trend in the week ended on Friday, September 27, 2024. 

The domestic rare earth market remains resilient, though downstream demand has fallen short of expectations, limiting any significant price increases. However, ongoing favorable policy measures and strong production cost support have kept suppliers from reducing prices. 

The domestic molybdenum market has remained stable, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder reported at approximately 3,690 yuan per ton, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to hover, with market transactions and negotiations remaining under pressure, primarily constrained by insufficient demand. Although macroeconomic sentiment has slightly improved recently, the release of fundamental market benefits remains limited, affecting overall trading volume and pricing performance.

Chinese rare earth prices have slightly increased overall in the week ended on Friday September 27, 2024. However, due to various uncertainties, the price trends for light and heavy rare earths have shown some divergence, and the momentum for order growth appears to be somewhat weak.

Chinese molybdenum prices exhibited a general trend of fluctuation and decline in the week ended on Friday September 27, 2024.