Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained steady on January 20, 2025. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable in the week ended on Friday, January 17, 2025, with market activity increasingly subdued and sentiment leaning towards cautious observation of both bullish and bearish factors. 

At the start of the week, domestic rare earth prices were largely stable, with minor declines in specific areas.

At the beginning of the week, the domestic molybdenum market remained stable, with prices holding steady. As the Lunar New Year approaches, traders have become less active in market operations, adopting a cautious wait-and-see attitude. This has resulted in little change in product prices and slow order growth.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains stable, with a "high price but low activity" trend seen before the holiday. The supply side supports a tight supply and high price outlook, while large-scale downstream procurement has not appeared, leading to an overall market stalemate.

This week, Chinese rare earth prices have shown an upward trend overall. 

The Chinese molybdenum market remains firm overall, with intense price negotiations between buyers and sellers. The contradiction between the difficulty of securing low-cost materials and the stagnant steel bidding prices has led to narrow price fluctuations and slow order growth.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain generally stable as the dual weakness in supply and demand becomes more pronounced at the turn of the year. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain steady and firm as the Chinese New Year approaches. Reports of holiday shutdowns and maintenance at mines have tightened supply, providing strong market support. However, weak demand and cautious consumer sentiment have limited new orders, leading to a slowdown in overall market activity.

Chinese rare earth prices have continued to edge upward, with neodymium oxide prices increasing by approximately 4,000 yuan/ton, praseodymium-neodymium metal prices rising by about 1,000 yuan/ton, terbium oxide prices climbing by roughly 1,000 yuan/kg, and dysprosium oxide prices up by about 10,000 yuan/ton.