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. 

The overall molybdenum market in China is stable, with a relatively balanced supply and demand relationship leading to intensified price negotiations among traders. Prices for molybdenum concentrate and molybdenum oxide have slightly declined, while the prices for ferromolybdenum and molybdate remain steady.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained in a stable and wait-and-see phase. Market participants, while optimistic about the industry's prospects amid a gradually improving global liquidity environment, are still cautious about the ongoing constraints posed by insufficient effective demand, which continues to hinder a full economic recovery. The tungsten market remains in a delicate balance between supply and demand. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have generally been under pressure and adjusting downward in the week ended on Friday, September 20, 2024, with no significant improvement in market fundamentals. 

Chinese rare earth prices continued to rise slightly, with the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal, and terbium oxide increasing by approximately 8 ,000 RMB/ton, 5,000 RMB/ton, and 90 RMB/kg, respectively.

The domestic molybdenum market showed an overall trend of stability with a slight weakening. This was mainly reflected in varying degrees of price declines across several molybdenum products and limited spot trading volume. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have shown a weakening trend recently, with market confidence lacking. 

Chinese rare earth market is characterized by high prices but low transaction volumes. 

Chinese molybdenum market continues to operate in a consolidation phase. While downstream demand remains strong, downward pricing pressure persists, with suppliers generally maintaining firm price quotes.