Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained relatively stable, but market transactions were tepid. 

At the beginning of the week, the domestic rare earth market maintained a generally weak performance, with slight price declines for some products. 

At the beginning of the week, Chinese molybdenum market maintained a weak and stable performance. With strong price pressure from downstream users and a rapid increase in market spot inventory, many suppliers lacked confidence in raising prices. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price remains in a stagnant and sideways trend, with market fundamentals showing a tug-of-war. 

Chinese rare earth prices have fluctuated within a narrow range in the week ended on Friday October 25, 2024. 

Chinese molybdenum market has shown a generally weak trend in the week ended on Friday October 25, 2024, reflected in varying degrees of price declines for mainstream molybdenum products, an increase in traders' wait-and-see sentiment, and a slowdown in the growth rate of orders compared to previous periods.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is caught in a dilemma, with a tug-of-war between bullish and bearish sentiments. 

Analysis of latest tungsten market from Chinatungsten Online

In the second half of October, the long-term contract prices from major tungsten companies in China have been gradually released, showing an increase compared to the first half of the month, but the price increase is limited, reflecting a cautious and stable market attitude from companies. 

The domestic Chinese rare earth market continues to exhibit weakness. Although mainstream suppliers attempted tentative price increases in the past two days, strong pressure from downstream users to lower prices and a high level of market spot inventory have led to a decline in product prices today. 

The domestic Chinese molybdenum market remains stable, with a relatively balanced supply and demand relationship. The sentiment among traders is generally moderate, and mainstream molybdenum product prices fluctuate within a reasonable range, with limited actual transaction volume.