According to information from Chinatungsten Online, the overall performance of China's rare earth market in July 2024 was unsatisfactory. Under the intertwining of various bullish and bearish factors, the attitudes of light and heavy rare earth traders varied, and market transactions did not meet expectations.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable with slight support from the supply side, increasing cyclical stability and rebound intentions among suppliers, resulting in a reluctance to sell. 

According to information from Chinatungsten Online, the overall trend of molybdenum product prices in China was relatively stable in July 2024. At the end of the month, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide were slightly higher than at the beginning of the month, while the prices of molybdate, molybdenum powder, and molybdenum bars were slightly lower. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market has gradually entered a phase of stabilization, with limited supply-side variables and traders' resistance to further price drops. Additionally, the typhoon weather in the south has somewhat restrained the release of low-priced resources. However, there has been no substantial improvement in market demand, and the overall off-season atmosphere remains apparent.