Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintained a stable state, with the atmosphere of supporting price increases in the raw materials sector still prevalent. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained robustly stable in the week ended on Friday, March 8, 2024. 

At the beginning of the week, the domestic rare earth market in China showed a mixed pattern of rises and falls. Under the influence of various uncertainties, the prices of mainstream light and heavy rare earth products showed slight differences. 

At the beginning of the week, the domestic molybdenum market maintained stable operations. With molybdenum manufacturers not rushing to deliver goods and the general sentiment of downstream users in entering the market for operations, trading activity remained subdued, with limited new orders.

Tungsten copper alloys are celebrated for their remarkable thermal conductivity, positioning them as highly effective materials for heat sink applications. In comparison to other commonly used materials such as aluminum and copper, tungsten copper stands out with its superior thermal management capabilities.

The main advantages of using tungsten copper heat sinks compared to traditional heat sink materials include:

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues its steady trend, with sellers maintaining a firm attitude and low-level resources scarce in the market. 

This week, Chinese rare earth price has shown a trend of fluctuation and decline, mainly attributed to the strong bearish sentiment in the market and limited support from bullish factors. 

This week, Chinese molybdenum price continued the trend of fluctuating upward since late February. This is mainly due to several factors including a decrease in molybdenum production in certain regions domestically and internationally in January, stable international molybdenum market conditions, multiple oil price increases, and frequent extreme weather conditions. 

Analysis of latest tungsten market from Chinatungsten Online

In March 2024, Ganzhou Tungsten Association (GTA) forecasts the tungsten average prices and the long-term contract prices of major tungsten enterprises for the first half of the month have been gradually released, confirming the upward trend of recent tungsten raw material prices, while continuing to boost market confidence.