Analysis of latest tungsten market from Chinatungsten Online

At the beginning of December 2024, China tungsten prices remained stable amidst a standoff between various market forces. 

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. 

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 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.