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. 

At the beginning of the week, the overall focus of domestic rare earth prices shifted upwards again, with prices of praseodymium-neodymium oxide, gadolinium oxide, and holmium oxide increasing by approximately 7,000 yuan/ton, 4,000 yuan/ton, and 5,000 yuan/ton respectively. 

At the beginning of the week, the overall domestic molybdenum market maintained a sideways consolidation. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable, with major tungsten enterprises gradually releasing their latest round of long-term contract prices, which generally meet the expectations of price increases. 

Chinese rare earth prices showed a pattern of first decline and then rebound. At the beginning of the week, affected by the slow downstream demand follow-up and the tentative price increase of mainstream products near the end of last week, suppliers were offering discounts.

Chinese molybdenum prices continued the trend of slight downward fluctuations in the week ended on Friday March 22, 2024. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize at high levels, with cost considerations remaining dominant. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable with consolidation, although consumption conditions outside of essential demand are not ideal, the support from cost considerations forces smelters and downstream alloy companies to reluctantly raise their prices.

Chinese rare earth prices are generally stable, with some experiencing minor declines. This is mainly due to slow downstream demand, relatively ample spot market supply, and limited support from bullish news.