Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained stable. Last week, the major tungsten enterprises released their final annual long-term contract prices, primarily signaling market stabilization.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market has shown an overall trend of consolidation and stability in the week ended on Friday, December 20, 2024, with persistent stalemate and bargaining between upstream and downstream segments of the industry. 

At the beginning of the week, the domestic molybdenum market continued the steady trend observed last week. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain primarily stable, with the market continuing its "neither rising nor falling" stalemate. Suppliers are reluctant to lower their quotes, while demand from the consumption side remains sluggish. As the year-end approaches, a cautious, wait-and-see sentiment dominates the market, leading to subdued overall trading activity.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains in a stalemate, with suppliers facing difficulty in pushing prices higher due to limited willingness to sell, while buyers adopt a cautious approach to pricing and inventory accumulation. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices hold steady when market transactions remain stagnant and quiet, with negotiation pressure slightly increasing. 

The domestic rare earth market is generally showing a downward trend across various products. 

Notably, praseodymium-neodymium (Pr-Nd) metal prices have decreased by approximately 3,000 RMB/ton; Neodymium oxide prices have fallen by about 4,000 RMB/ton; Terbium oxide prices have dropped by around 20 RMB/kg; Holmium oxide prices have declined by approximately 5,000 RMB/ton; Dysprosium alloy prices have decreased by about 10,000 RMB/ton.

The domestic molybdenum market remains stable, with increased enthusiasm among traders compared to last week, leading to a faster growth in orders. As of now, the total amount of molybdenum iron for steel procurement in December is approximately 8,200 tons.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices held steady on Monday, with the market atmosphere remaining somewhat awkward.