Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to remain flat as the market adopts a wait-and-see attitude. 

This week, Chinese rare earth market remained stable, with limited trading activity and low transaction volumes. Supply-side sellers held strong bullish sentiment, while downstream demand from end-users continued to show little improvement. According to China Tungsten Online, suppliers’ confidence in maintaining stable prices is supported by several factors:

This week, China molybdenum price remained steady overall, with transaction prices for molybdenum oxide, ferromolybdenum, and ammonium tetramolybdate hovering around 3,840 yuan per ton, 242,000 yuan per ton, and 230,000 yuan per ton, respectively.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price remains stable, and a new round of quotes from institutions and tungsten companies were released at the beginning of the month, which is overall in line with the current market situation and has boosted the sentiment of participants.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable for now, with the latest round of long-term contract prices from tungsten companies showing limited increases. This has suppressed the market's bullish sentiment and negotiations on prices, with industry players waiting for the announcement of guide prices from other large enterprises.

Chinese rare earth prices are fluctuating within a narrow range. Influenced by factors such as the difficult importation of rare earth ores from Myanmar, an increase in the northern rare earth spot price month-on-month, high production costs, and the U.S. presidential election, suppliers are generally maintaining firm quotations. 

The domestic Chinese molybdenum market is generally maintaining a stalemate, with prices and transaction volumes remaining relatively stable due to the interplay of both positive and negative factors. 

Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained firm amidst a cautious market.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have slightly risen while remaining stagnant in the week ended on Friday, November 1, 2024, primarily driven by tight raw material supply and strong cost support. 

At the start of the week, Chinese rare earth market showed relative stability, with rare earth product prices fluctuating within a narrow range and traders primarily conducting transactions based on immediate needs.