Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain in a high-level consolidation phase, with market activity characterized by a cautious and stagnant atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market continues to exhibit a tight supply-demand balance, with prices largely stagnant and trading activity driven by just-in-time procurement. 

The domestic rare earth market continues to exhibit a downward adjustment trend, with prices for key products experiencing varying degrees of decline:

Chinese molybdenum prices remain relatively stable, with molybdenum concentrate, ferromolybdenum, and molybdenum powder prices consolidating at around 3,720 yuan/ton unit, 241,000 yuan/ton, and 435 yuan/kg, respectively. Amid this situation, market participants are focused on when the current stalemate may break, as order growth remains slow.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices on Monday showed stability, with the market fundamentals continuing to reflect tight supply and weak demand. The transaction stance between buyers and sellers remained stalemated.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have shown a firm upward trend in the week ended on Friday November 15, 2024. 

At the beginning of the week, the domestic rare earth market remained weak overall. Prices for terbium oxide, holmium oxide, and dysprosium-iron alloy dropped by approximately 70 yuan/kg, 2,000 yuan/ton, and 20,000 yuan/ton, respectively. 

At the start of the week, Chinese molybdenum prices fluctuated within a narrow range. This was primarily due to the strong sentiment among molybdenum mining enterprises to hold onto inventory and support prices, contrasted with a decline in both volume and prices from steel procurement.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market remains stable for now. 

Chinese rare earth market is generally experiencing a downward trend in the week ended on Friday, November 15, 2024, with prices for various rare earth products showing broad declines. Specifically: