Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price seems in the upward trend with the market sentiment buoyed by the influence from the mining side. However, buyers remain relatively cautious as there is not much improvement in the demand side. 

The overall rare earth market in China is relatively weak. Apart from the widespread decline in mainstream light and heavy rare earth prices, this is also reflected in the lack of enthusiasm among traders and the scarcity of new orders. In this situation, some industry insiders predict that the market is unlikely to rebound in the short term.

The overall Chinese domestic molybdenum price is showing a pattern of bottoming out and rebounding on November 29, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten prices remained stable, with the market's fundamental still in a deadlock. The coordination between supply and demand was not high, and the complex macroeconomic situation remained unchanged.

At the beginning of the week, the overall situation in China’ s rare earth market showed slight improvement. 

At the beginning of the week, Chinese molybdenum market operated stably. With downstream users maintaining basic demand procurement and limited support from favorable factors, most suppliers kept their prices stable and awaited guidance from a new round of steel bidding. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has shown a relatively stable trend in the week ended on Friday, November 24, 2023, mainly attributed to the upward adjustment of long-term contract prices released by large tungsten enterprises and the initiation of environmental inspections. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China is currently stabilizing, and market transactions remain lukewarm on November 23, 2023. 

This week, the overall activity in the Chinese rare earth market is moderate. Under the influence of various uncertainties, there is a divergence in the price trends of light and heavy rare earths. 

This week, the overall attention in the Chinese molybdenum market is relatively high. With limited space for price reduction in molybdenum raw materials and the increase in steel procurement prices, the quotations from intermediate smelting enterprises are relatively chaotic but show an overall downward trend.