Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are generally in a weak and stable state. The recent market news is relatively under pressure, especially the long-term contract prices of some large tungsten companies are weaker than expected, which has led to a cooling of market sentiment and capital, and the spot demand purchase volume and price are under pressure.

Analysis of latest tungsten market from Chinatungsten Online

The overall tungsten price in the Chinese market is weakening. On the one hand, it is due to the pressure on the fundamental atmosphere. 

Chinese rare earth prices fluctuate in a narrow range as a whole. In the case that the problem of oversupply of raw materials has not been solved and the production cost support is strong, traders are generally in a general mood to enter the market, so the transaction is limited. At present, many industry players are waiting for the arrival of the northern rare earth listing price next month.

The Chinese molybdenum market is running steadily as a whole. With the supply and demand relationship relatively balanced and no major positive or negative news released on the policy side, buyers and sellers are mostly on the sidelines, so the transaction is average. At present, the industry focuses on the number and bids of molybdenum iron in steel companies' bidding.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to be weak in the week began on Monday, June 17, 2024. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were weak in the week ended on Friday, June 14, 2024, and the stalemate in the spot market reflected the complex market sentiment.

At the beginning of the week, Chinese rare earth prices were partially stable and slightly increased in some cases, among which the price of praseodymium-neodymium metal increased by about RMB 3,000/ton and the price of dysprosium iron alloy increased by about RMB 10,000/ton. 

At the beginning of the week, Chinese molybdenum price remained strong as a whole. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are generally weak due to the deadlocked market. The supply side has been relatively weak recently with the end of the environmental protection checks. And the market sentiment of profit-taking and cashing out has increased traders' willingness to release resources. 

Chinese rare earth market as a whole showed a mixed pattern of ups and downs in the week ended on Friday, June 14, 2024.