Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to stabilize, with no significant changes in the supply structure. Demand potential has yet to be fully realized, and resources at the mining level remain tight. 

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 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. 

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.

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.

Chinese rare earth prices have slightly increased overall in the week ended on Friday September 27, 2024. However, due to various uncertainties, the price trends for light and heavy rare earths have shown some divergence, and the momentum for order growth appears to be somewhat weak.

Chinese molybdenum prices exhibited a general trend of fluctuation and decline in the week ended on Friday September 27, 2024.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have remained stable, with the market fundamentals still in a state of balance, while the macroeconomic atmosphere shows signs of improvement. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are stuck in a stalemate and running sideways. The main contradiction in the current tungsten market is the tight supply at the mine end and the weak demand at the downstream terminals. The psychological price differences between buyers and sellers have affected the overall transaction activity of the market.

The domestic rare earth market is currently characterized by a "price without market" situation. In the light rare earth sector, frequent tenders from magnetic material companies and solid support from production costs have led many suppliers to continuously raise their quotes.