Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained a stable trend, with the market reflecting a tug-of-war between strong raw material prices and cautious demand, leading to continued stagnation in overall transactions.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices generally exhibited a steady upward trend in the week ended on Friday, August 16, 2024, driven primarily by the reluctance of miners and APT (Ammonium Paratungstate) producers to sell at lower prices. 

At the beginning of the week, the domestic rare earth market showed a general upward trend, with praseodymium-neodymium metal price increasing by approximately 7,000 yuan/ton, terbium oxide price rising by about 100 yuan/kg, and dysprosium oxide price going up by around 10,000 yuan/ton.

At the beginning of the week, the domestic molybdenum market continued to maintain stable operations, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder at approximately 3,660 yuan per ton-degree, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are holding steady, with industry participants adopting a wait-and-see approach. 

Chinese rare earth price exhibited mixed trends in the week ended on Friday, August 16, 2024, driven primarily by the low willingness of suppliers to reduce prices and the strong sentiment of buyers to push prices down. 

This week, Chinese molybdenum prices fluctuated within a reasonable range. The prices of molybdenum concentrate and molybdenum oxide both increased by approximately 0.27%, while molybdenum powder prices decreased by about 1.14%. Given this situation, industry insiders believe that the molybdenum market is likely to remain stable in the short term.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are currently stable, with strong support from the raw material side. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices have remained stable, with the market fundamentals showing no significant changes.

Chinese rare earth market has rebounded again on August 14, 2024, mainly reflected in the significant increase in prices of many products and the enhanced confidence of industry players in the future market.