Analysis of latest tungsten market from Chinatungsten Online

According to Chinatungsten Online, the current tungsten price surge can be traced back to mid-November last year. As of now, the price of tungsten concentrate has increased by nearly 16%, with an 8.7% rise since April. Currently, some holders are quoting 65% black tungsten concentrate at around $19,714.3/ton.

This week, the overall prices of mainstream light and heavy rare earth products in the domestic market showed a trend of fluctuating upward. 

This week, Chinese molybdenum prices showed a pattern of significant increase followed by a sharp decline. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues its upward trend, with the mainstream expectation before the May Day holiday being a robust market led by the tight supply and high demand for tungsten raw materials. Amidst severe pressure from backwardation, smelters are experiencing delayed deliveries due to reluctance to accept high prices, resulting in low trading volume in the market.

Analysis of latest tungsten market from Chinatungsten Online

Under the atmosphere of speculative price increases in the supply side, tungsten prices continue to rise steadily. 

Chinese rare earth prices are fluctuating within a narrow range overall. Under the influence of various uncertainties, there is intense price bargaining between supply and demand sides. Suppliers show weak willingness to make concessions, while purchasers have a lower inclination to accept high-priced goods. This has led to a subdued trading atmosphere in the market and a slow growth in orders.

Chinese molybdenum price is showing a strong upward trend, primarily characterized by significant price increases in many molybdenum products, active inquiries and purchases from downstream customers, and suppliers holding onto their stocks in anticipation of higher prices. 

Analysis of latest tungsten market from Chinatungsten Online

According to statistics from Chinatungsten Online, the current round of tungsten price increases began in mid-November 2023. Since then, the price of 65% black tungsten concentrate has increased by 13.45%, ammonium paratungstate (APT) by 11.24%, tungsten powder by 10.45%, tungsten carbide powder by 11.03%, 70% ferro tungsten by 10.34%, and tungsten bars by 5.88%.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to rise in the week ended on Friday, April 19, 2024, with market sentiment factors relatively prominent.

At the beginning of the week, Chinese rare earth market was moderate, mainly characterized by fluctuations in prices of mainstream products within a reasonable range, strong confidence among suppliers to stabilize prices, and persistent downward pressure from downstream users.