This week, the domestic Chinese rare earth market showed a trend of rising first and then falling. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain in a weak and stable cycle, with no improvement in the market's stagnant atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to decline, primarily due to prominent market fundamentals conflicts. 

The domestic rare earth market remains stable overall on July 3, 2024. Although Northern Rare Earth prices stayed flat month-on-month and the announcement of the "Rare Earth Management Regulations" boosted market confidence to some extent, weak demand from downstream users continues to make it difficult for product prices to rise.

Chinese molybdenum prices have fluctuated within a narrow range on July 3, 2024. With the supply and demand relatively balanced, traders' willingness to engage has been moderate, resulting in low market activity and few new orders. Most industry players believe that the market will maintain a sideways consolidation trend in the short term.

Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained stable with a wait-and-see attitude.

Analysis of latest tungsten market from Chinatungsten Online

In the first half of 2024, China's tungsten market experienced a trend of rising to a peak and then falling back, driven by fundamentals, macroeconomic factors, financial conditions, and market sentiment. The price trends of tungsten products can be roughly divided into three stages:

Chinese rare earth prices are partially stable with some slight increases. Despite the current weak downstream demand, the significant and prolonged decline in rare earth prices and high energy costs have forced many suppliers to strengthen their price support awareness. 

At the beginning of the week, the domestic Chinese molybdenum market maintained a generally weak and stable operation. This is mainly attributed to the moderate enthusiasm of downstream users for inquiries and purchases and the reluctance of raw material suppliers to rush shipments. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to decline, mainly due to the recent selling intentions on the supply side and the bargaining sentiment on the demand side, putting pressure on the market fundamentals.