Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable at the beginning of the week, with a continued stalemate in market supply and demand. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has shown a stagnant upward trend in the week ended on Friday, October 18, 2024. 

At the beginning of the week, Chinese rare earth prices continued the downward trend observed last week. Specifically, the price of praseodymium oxide decreased by approximately 2,000 yuan/ton, neodymium metal by about 4,000 yuan/ton, terbium oxide by around 50 yuan/kg, and dysprosium oxide by approximately 30,000 yuan/ton. 

At the beginning of the week, Chinese molybdenum market remained stable, with a relatively balanced supply and demand situation. The negotiation atmosphere between buyers and sellers appeared somewhat stagnant, resulting in a moderate increase in orders and minimal price fluctuations for products. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to consolidate in a horizontal range, with intensified market competition. 

Chinese rare earth market has performed poorly, with limited downstream demand and gradually weakening support from positive factors, leading some suppliers to rationally lower their quotes and resulting in a reduced actual transaction volume. 

Chinese molybdenum market has shown overall positive performance, evident in the slight price increases of various products, heightened trading sentiment among merchants, and substantial trading volume. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain steady at high levels, with upstream suppliers firmly supporting the market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are showing signs of rising, and the macro policy is warming and the supply at the mine end is tight, which boosts the market's bullish view. Tungsten market transactions are still slow, and the effectiveness of macro policies and the progress of demand recovery need time to verify.

Chinese rare earth price remains within a narrow range of fluctuation, as a balance between positive and negative factors keeps buyers cautious and sellers reluctant to lower prices, leading to subdued market activity and limited transaction volumes.