This week, Chinese molybdenum prices remained relatively stable with a slight downward trend. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain steady with little change. The supply of raw materials is limited, and downstream purchasing is insufficient. Market trading activity is low, with transactions occurring mainly based on demand.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are in a temporary state of stability, with recent market sentiment showing slight weakness and limited transaction activity. 

The domestic Chinese rare earth market is experiencing a downward trend:

The domestic Chinese molybdenum market continues to operate in a weakly stable state. With supply and demand relatively balanced, buyers and sellers exhibit low consistency in negotiations, leading to a strong wait-and-see atmosphere and limited room for price adjustments.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a sideways trend on Monday, supported by strong supply from the mining side. However, weak demand feedback from the alloy sector created divergent views on the future market direction. Market participants adopted a cautious approach, with both buyers and sellers holding back, resulting in generally modest transaction activity.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has slightly decreased in the week ended on Friday, December 6, 2024, mainly due to weak demand and a market atmosphere focused on profit-taking. However, the supply side continues to provide firm support for the market, with limited room for price reductions and fewer low-priced resources available. 

The overall domestic rare earth market showed a weak trend at the start of the week. This was primarily due to continued low purchasing enthusiasm from downstream users and abundant spot supply for some products. 

At the beginning of the week, the domestic Chinese molybdenum market exhibited a weak but stable trend. This was influenced by suboptimal performance in steel procurement volumes and pricing, a slight uptick in international molybdenum prices, and strong production cost support. Suppliers adjusted their quotes within a reasonable range.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is currently in a weak and stable deadlock phase, with market sentiment leaning toward caution as traders await clarification of the average price forecast from the Ganzhou Tungsten Association and the long-term price quotes from other major tungsten companies.