Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes overall when there are certain pressures in all links of the industrial chain, mainly due to the relative weakening of demand in the downstream terminal market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price keeps firm after the holiday of Labour Day because the new guide prices from listed tungsten enterprises for the first half of this month were raised as expected. 

China rare earth price has not changed significantly on May 8, 2023. In the case of an oversupply of on-site spot goods, traders are not in a good mood to enter the market and basically focus on rigid demand transactions. 

At the beginning of the week, the overall domestic molybdenum market was quiet. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on May 5, 2023 mainly due to the strong rised mentality of tungsten raw material suppliers as well as the expected increase of long-term contract prices for the first half of May 2023. 

China’s domestic rare earth market maintains a weak and stable operation on May 6, 2023. Under the interweaving of many positive and negative factors, the negotiation atmosphere between buyers and sellers is slightly stalemate.

China’s ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices are relatively weak on May 6, 2023 mainly due to the general enthusiasm of downstream users to enter the market for inquiries and purchases, the rational shipment of suppliers, and the sideways operation of the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price stabilizes in the first trading day after the holiday of Labor Day and most market participants are waiting for the new guidance from listed tungsten companies.

Analysis of latest tungsten market from Chinatungsten Online

In April 2023, China tungsten price stabilized in the first half of this month and then rose in the second half of this month. 

The overall China’s domestic rare earth market is still weak, mainly reflected in the slight decline in the prices of rare earth products such as praseodymium, neodymium, dysprosium and terbium and the actual transaction volume is small.