Analysis of latest tungsten market from Chinatungsten Online

In the first quarter of 2024, the tungsten market in China continued to maintain a steady and robust trend. Signals supporting the market came mainly from the supply side, while demand showed lukewarm performance. 

At the beginning of the week, the domestic rare earth market showed mixed performance. Although prices of some products have seen certain increases, market transaction volumes remain low due to continued weak buying interest from downstream users. 

At the beginning of the week, the overall performance of the domestic molybdenum market was relatively weak, mainly reflected in the varying degrees of price declines in many products, low actual transaction volumes, and less favorable future expectations. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to stabilize, with the market fundamentals maintaining a stalemate. Cost pressures are passively driving smelters to follow price increases, but there are fewer transactions at higher levels. While the overall macroeconomic situation in China remains positive, the global economic pressure amid geopolitical tensions casts uncertainty over tungsten consumption. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are in a stable period, with market support coming from the strong stance of suppliers at the mining end. Demand remains flexible, with spot market trading generally conducted on a need-to basis, resulting in limited transaction orders.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains a stable trend, with a stagnant atmosphere in the market trading. The tungsten raw material market, dominated by mines, maintains a strong stance of holding goods, especially with recent intensified environmental regulations in China. Suppliers are predominantly holding firm to market prices.

Chinese rare earth market is overall maintaining weak stability, mainly manifested in low enthusiasm among traders, no significant changes in product prices, and slow growth in orders. It is worth mentioning that the recent sharp declines and minor increases in rare earth prices have attracted widespread attention within the industry.

Chinese molybdenum market has shown slight improvement on March 27, 2024. Although prices of many molybdenum products have not seen significant increases, there has been a noticeable increase in downstream inquiries, and with suppliers willing to make shipments, market transactions remain acceptable.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market has recently shown signs of stability, with a bias towards stability. On one hand, this is due to the stalemate in the supply-demand dynamics, while on the other hand, it is attributed to the divergence in external factors. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable with a stalemate in the week ended on Friday, March 22, 2024, as there was a lot of market news, including long-term contract prices from tungsten enterprises, some alloy companies raising prices, the annual first batch of tungsten mining control indicators, and tungsten product import and export data for January and February.