Chinese Tungsten Price Has Been in the Downward Trend Since June 2024

tungsten alloy parts image

Analysis of latest tungsten market from Chinatungsten Online

The overall Chinese tungsten price is in the downward trend in the week ended on Friday, June 21, 2024, mainly due to the 3%-5% drop in the long-term contract prices of tungsten raw materials of large tungsten enterprises in the second half of the month, which has weakened market sentiment, poor business buying and selling initiative, and continued game of supply and demand. 

Read more: Chinese Tungsten Price Has Been in the Downward Trend Since June 2024

Praseodymium Oxide Price - June 24, 2024

erbium oxide image

At the beginning of the week, the domestic Chinese rare earth market showed a mixed pattern of ups and downs. Under the influence of many uncertain factors, the mentality of light and heavy rare earth traders was different, mainly reflected in the tentative increase in the price of praseodymium and neodymium, while the price of dysprosium and terbium continued to fall. 

Read more: Praseodymium Oxide Price - June 24, 2024

65% Wolframite Concentrate Is Weak in China on Weak Demand

tungsten wires image

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are in a negative decline cycle, and the current status of market supply and demand game remains. 

Read more: 65% Wolframite Concentrate Is Weak in China on Weak Demand

The Price of Molybdenum Products - June 24, 2024

MoSi2 Heating Elements image

At the beginning of the week, Chinese molybdenum price still showed a slight decline, mainly due to the low downstream demand and the weakening confidence of molybdenum mining companies in stabilizing prices. 

Read more: The Price of Molybdenum Products - June 24, 2024

Chinese Rare Earth Prices - June 21, 2024

praseodymium oxide image

This week, Chinese rare earth prices showed an overall pattern of rising first and then falling. 

Read more: Chinese Rare Earth Prices - June 21, 2024

 

WeChat