Analysis of latest tungsten market from Chinatungsten Online

On Monday, tungsten prices remained steady, with the market in a stalemate as all parties closely monitor supply-side regulations and changes in downstream demand. Buyers and sellers are in a tug-of-war, and the market is searching for a new equilibrium point. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a stable yet slightly weak trend in the week ended on Friday, September 6, 2024. 

At the beginning of the week, Chinese rare earth prices continued to rise, with praseodymium-neodymium oxide, praseodymium-neodymium metal, and dysprosium oxide prices increasing by approximately 8,000 yuan/ton, 7,000 yuan/ton, and 30,000 yuan/ton, respectively. 

At the beginning of the week, Chinese molybdenum market remained flat, influenced by both bullish and bearish factors, with slightly different performances across upstream and downstream markets:

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable in a stalemate, with some suppliers shifting between holding back for higher prices and selling for profit. 

Chinese rare earth market is relatively good this week, mainly reflected in the significant increase in the price of mainstream rare earth raw materials and the increase in spot trading volume compared with the previous period. 

Chinese molybdenum prices continued to rise steadily in the week ended on Friday, September 6, 2024. This upward trend was mainly driven by high bidding activity from steel companies for ferromolybdenum, rising steel bid prices, and limited supply of molybdenum raw materials. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are stabilizing, with the Chinese market fundamentals still showing a tight supply and weak demand. Most spot trading is characterized by a standoff between buyers and sellers. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable, with some adjustments. While the long-term contract prices from major tungsten smelting companies have increased compared to August, they remain relatively conservative compared to the current strong market, affecting traders' sentiment.

The domestic rare earth market is generally maintaining a strong upward trend. Due to a strong tendency among many suppliers to hold back sales and raise prices, praseodymium-neodymium prices remain stable, while dysprosium and terbium prices continue to rise.