Analysis of latest tungsten market from Chinatungsten Online

The overall China tungsten price showed a sideways trend in the week ended on Friday, September 27, 2024. 

The domestic molybdenum market has remained stable, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder reported at approximately 3,690 yuan per ton, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.

The domestic rare earth market remains resilient, though downstream demand has fallen short of expectations, limiting any significant price increases. However, ongoing favorable policy measures and strong production cost support have kept suppliers from reducing prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to hover, with market transactions and negotiations remaining under pressure, primarily constrained by insufficient demand. Although macroeconomic sentiment has slightly improved recently, the release of fundamental market benefits remains limited, affecting overall trading volume and pricing performance.