Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable with no clear directional signals, as the market continues to grapple with the supply-demand balance. Although recent favorable macroeconomic conditions have boosted inquiry activity in the tungsten market, the rallying sentiment has moderated due to stock market adjustments and increasing caution in the metals sector. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are showing a steady upward trend. This is partly due to the positive macroeconomic environment and increased liquidity, which are supporting market sentiment. 

The domestic rare earth market continues to operate in a consolidating phase, with a relatively balanced supply-demand relationship, leading to somewhat stagnant negotiation atmospheres between buyers and sellers. As a result, prices fluctuate within a reasonable range, and actual transaction volumes remain limited. 

The domestic molybdenum market continues to maintain a strong performance, with market activity remaining high due to the interplay of both bullish and bearish factors, leading to decent transaction volumes. Currently, industry participants are closely monitoring the output from molybdenum mining companies and the pricing and volume of steel tenders.

Analysis of latest tungsten market from Chinatungsten Online

On the first trading day after the National Day holiday, China tungsten prices showed a steady and positive trend. 

Analysis of latest tungsten market from Chinatungsten Online

In the first three quarters of 2024, China's tungsten market showed an overall upward trend with fluctuations, marked by two peaks:

The domestic Chinese rare earth market continues to operate steadily with a slightly upward trend. Currently, the prices of neodymium oxide, terbium oxide, and dysprosium oxide have increased to approximately 435,000 RMB/ton, 6,000 RMB/kg, and 1,790,000 RMB/ton, respectively.

The domestic Chinese molybdenum market remains stable and firm on the first day after the National Day holiday. Although some traders have yet to resume normal trading activities, leading to moderate market activity, many participants are optimistic about the future market. 

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.