At the beginning of the week, the domestic rare earth market displayed a generally stable but slightly stronger trend, primarily due to strong production cost support and an increased awareness among suppliers to raise prices. 

At the beginning of the week, Chinese molybdenum price remained relatively stable, with molybdenum concentrate, ferromolybdenum, and molybdenum powder quoted at around 3,650 yuan/ton, 239,000 yuan/ton, and 440 yuan/kg, respectively. 

Tungsten (W) wire is used in knitting for cut-resistant cloth due to its unique combination of properties that enhance the protective capabilities of the fabric. Here are the key reasons:

Protective gloves play a critical role in ensuring the safety of individuals working in hazardous environments, particularly where the risk of cuts and abrasions is high. 

Cut-resistant tungsten wire refers to tungsten wire specifically designed and utilized in the production of fabrics and materials that require high levels of cut resistance. Tungsten, known for its exceptional hardness and strength, is an ideal material for this purpose.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have generally plateaued, supported by tightening resources and improved market sentiment. However, weak demand has limited upward momentum, leading to continued stagnation in trading across the tungsten industry, with confidence in the market remaining divided.

Chinese rare earth price showed a trend of rising initially and then declining in the week ended on Friday, August 9, 2024. 

Chinese molybdenum price remained relatively stable in the week ended on Friday, August 9, 2024, with prices of major products showing little change and traders primarily maintaining transactions based on just-in-time needs. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price is running steadily, and the Chinese market maintains a strong supply and weak demand trend. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to remain stable, and after two months of profit adjustments and risk clearing, the market has seen an increase in capital inflows recently, and the tungsten raw material market is becoming more robust.