Analysis of latest tungsten market from Chinatungsten Online

In November 2024, the overall market trend in China's tungsten sector showed a steady yet slightly stronger momentum. However, the supply-demand balance was not ideal, with market transactions remaining relatively stagnant and resource liquidity being poor.

At the beginning of the week, the domestic Chinese rare earth market showed average performance. Factors such as downstream users mainly maintaining just-in-time purchasing and strong production cost support led suppliers to generally keep stable prices. 

At the beginning of the week, the domestic Chinese molybdenum market generally maintained a sideways trend. This was mainly due to the weaker performance of steel tender volumes and prices, as well as the strong reluctance of molybdenum mine companies to sell at lower prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to show a sideways trend, with the market caught in a supply-demand standoff, making it difficult to improve transaction conditions. 

This week, the Chinese rare earth market showed a mixed pattern, with prices fluctuating up and down. In the context of a relatively balanced supply-demand relationship and limited support from macroeconomic positive news, traders largely maintained rigid transactions, focusing primarily on the situation of northern rare earth auction prices in December.

This week, the Chinese molybdenum market showed a slight downward trend, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide falling below 3,700 yuan/tonne, 240,000 yuan/tonne, and 3,800 yuan/tonne, respectively.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable, with supply and demand conditions continuing to play out in a tug-of-war, and new orders at the end of the month showing limited activity. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain in a sideways trend, with market stagnation at high levels leading to increased profit-taking sentiment. 

The domestic Chinese rare earth market has been fluctuating within a narrow range. Although prices of many products were pushed up in the past two days due to stronger support from production costs and the closure of the China-Myanmar border, the overall market has not seen a significant recovery. 

The Chinese molybdenum market is generally showing a steady but slightly weaker trend. As favorable factors gradually dissipate, the consumer market is slowly shifting from a seller's market to a buyer's market.