Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have recently been in a firm range, primarily supported by tight supply at the mining end and a roughly 3% mid-month increase in long-term contract prices from major tungsten enterprises.

The domestic rare earth market is generally stable, with mixed sentiments among traders of light and heavy rare earths. This is mainly reflected in the continued price rise of praseodymium-neodymium (Pr-Nd), while dysprosium (Dy) and terbium (Tb) prices are facing resistance to further increases.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is experiencing a stalemate with an upward trend. On the supply side, the tight availability of mineral resources and limited operating rates at smelters are driving strong price support, while on the demand side, restocking sentiment remains weak. Market negotiations between buyers and sellers are ongoing, but overall transaction volumes have not significantly increased.

Chinese molybdenum prices have shown no significant changes recently, with molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate prices stabilizing around 3,660 CNY/ton degree, 239,000 CNY/ton, and 231,000 CNY/ton, respectively.