Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was weak in the week ended on Friday May 19, 2023 affected by the negative sentiment of market participants as well as the decline in new guide prices from listed tungsten companies. 

At the beginning of the week, China molybdenum market showed a stable and relatively strong pattern, mainly due to the low spot inventory in the market, the increased demand from downstream users and the rise in international molybdenum prices. 

At the beginning of the week, China rare earth prices fluctuated in a narrow range as a whole. Affected by negative-positive factors, the trading atmosphere in the market was sluggish, and the mentality of light and heavy rare earth traders and permanent magnet material traders was slightly different.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day in the middle of May 2023 when raw material suppliers are not willing to reduce their prices and downstream demand is sluggish.