Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains in a stalemate, with suppliers facing difficulty in pushing prices higher due to limited willingness to sell, while buyers adopt a cautious approach to pricing and inventory accumulation. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices hold steady when market transactions remain stagnant and quiet, with negotiation pressure slightly increasing. 

The domestic rare earth market is generally showing a downward trend across various products. 

Notably, praseodymium-neodymium (Pr-Nd) metal prices have decreased by approximately 3,000 RMB/ton; Neodymium oxide prices have fallen by about 4,000 RMB/ton; Terbium oxide prices have dropped by around 20 RMB/kg; Holmium oxide prices have declined by approximately 5,000 RMB/ton; Dysprosium alloy prices have decreased by about 10,000 RMB/ton.

The domestic molybdenum market remains stable, with increased enthusiasm among traders compared to last week, leading to a faster growth in orders. As of now, the total amount of molybdenum iron for steel procurement in December is approximately 8,200 tons.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices held steady on Monday, with the market atmosphere remaining somewhat awkward. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market remains in a supply-demand stalemate with weak stability in the week ended on Friday, December 13, 2024. Limited resource availability from mines and low operating rates among tungsten chemical and powder enterprises reflect subdued alloy consumption. 

At the start of the week, the domestic Chinese rare earth market remained flat, primarily due to downstream and end-user clients sticking to demand-driven procurement. Meanwhile, strong production cost support and the promising growth prospects of rare earth-dependent industries, such as robotics and new energy vehicles, kept many suppliers reluctant to reduce prices for sales.

At the start of the week, the domestic Chinese molybdenum market maintained overall stability. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain in a stalemate with stable trends.

This week, Chinese rare earth market exhibited a generally weak trend, with slight differences in price movements between major light and heavy rare earth products.