Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market remains in a supply-demand stalemate with weak stability in the week ended on Friday, December 13, 2024. Limited resource availability from mines and low operating rates among tungsten chemical and powder enterprises reflect subdued alloy consumption. 

At the start of the week, the domestic Chinese rare earth market remained flat, primarily due to downstream and end-user clients sticking to demand-driven procurement. Meanwhile, strong production cost support and the promising growth prospects of rare earth-dependent industries, such as robotics and new energy vehicles, kept many suppliers reluctant to reduce prices for sales.

At the start of the week, the domestic Chinese molybdenum market maintained overall stability. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain in a stalemate with stable trends.

This week, Chinese rare earth market exhibited a generally weak trend, with slight differences in price movements between major light and heavy rare earth products. 

This week, Chinese molybdenum prices remained relatively stable with a slight downward trend. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain steady with little change. The supply of raw materials is limited, and downstream purchasing is insufficient. Market trading activity is low, with transactions occurring mainly based on demand.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are in a temporary state of stability, with recent market sentiment showing slight weakness and limited transaction activity. 

The domestic Chinese rare earth market is experiencing a downward trend:

The domestic Chinese molybdenum market continues to operate in a weakly stable state. With supply and demand relatively balanced, buyers and sellers exhibit low consistency in negotiations, leading to a strong wait-and-see atmosphere and limited room for price adjustments.