Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, October 13, 2023. There are several factors contributing to this trend as following: 

At the beginning of the week, China molybdenum market remained weak, with a variety of uncertainties affecting pricing behaviors among traders, leading to a certain level of price confusion. Some traders were holding strong price expectations, while others were willing to trade price for quantity. Against this backdrop, actual transaction volumes remained relatively low.

At the beginning of the week, China rare earth prices remained relatively stable in some areas, with occasional minor declines. Specifically, the price of neodymium praseodymium oxide fell by about 1,000 CNY per ton, the price of dysprosium oxide dropped by around 10,000 CNY per ton, and dysprosium iron alloy prices decreased by approximately 20,000 CNY per ton. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain stable on October 12, 2023 with no significant changes in market supply and demand dynamics.