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.

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.

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. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained a stable trend, with the market reflecting a tug-of-war between strong raw material prices and cautious demand, leading to continued stagnation in overall transactions.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices generally exhibited a steady upward trend in the week ended on Friday, August 16, 2024, driven primarily by the reluctance of miners and APT (Ammonium Paratungstate) producers to sell at lower prices. 

At the beginning of the week, the domestic rare earth market showed a general upward trend, with praseodymium-neodymium metal price increasing by approximately 7,000 yuan/ton, terbium oxide price rising by about 100 yuan/kg, and dysprosium oxide price going up by around 10,000 yuan/ton.

At the beginning of the week, the domestic molybdenum market continued to maintain stable operations, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder at approximately 3,660 yuan per ton-degree, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are holding steady, with industry participants adopting a wait-and-see approach. 

Chinese rare earth price exhibited mixed trends in the week ended on Friday, August 16, 2024, driven primarily by the low willingness of suppliers to reduce prices and the strong sentiment of buyers to push prices down. 

This week, Chinese molybdenum prices fluctuated within a reasonable range. The prices of molybdenum concentrate and molybdenum oxide both increased by approximately 0.27%, while molybdenum powder prices decreased by about 1.14%. Given this situation, industry insiders believe that the molybdenum market is likely to remain stable in the short term.