Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices show a stable upward movement in the week ended on Friday, December 15, 2023, mainly driven by the reluctance of sellers in the tungsten primary market to sell at lower prices. 

At the beginning of the week, Chinese rare earth market showed signs of stabilization after a period of decline. This is primarily attributed to the prolonged and significant decline in rare earth prices, leading many rare earth products to approach the cost line. 

At the beginning of the week, the overall Chinese molybdenum market maintained stable operations. With steel companies gradually entering the bidding for ferro molybdenum and the international molybdenum price facing resistance in its upward movement, suppliers are mainly adopting a cautious wait-and-see approach, leading to generally moderate transactions. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price has remained stable recently with slight upward movements. The main source of confidence supporting the market is the expectation for an increase in raw material prices. 

This week, the overall Chinese rare earth market is not performing well. Amid the interweaving of various factors affecting the market, the trading atmosphere remains subdued. 

This week, the overall molybdenum market in China has been operating positively. At the beginning of the week, influenced by general steel demand and prices, moderate prices for large molybdenum mining companies, and a relatively sluggish market situation at the end of last week, molybdenum product prices showed a weak consolidation. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to stabilize in the middle of December 2023. The market direction remains unclear, with no clear news. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten prices continue to stabilize, with a market supply-demand dynamic still in a state of contention between bulls and bears. Industry insiders have varied signals regarding the outlook, with mining maintaining a stance of supporting the market. 

The overall pricing in the Chinese rare earth market is relatively chaotic, with a variety of uncertainties influencing the attitudes of light and heavy rare earth suppliers differently. 

Chinese molybdenum price is showing a pattern of stabilization and rebound, primarily due to the simultaneous increase in steel demand and prices and the uptrend in the international molybdenum market.