Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in the Chinese market are unchanged from the previous trading day as the supply and demand sides are still weak, and the uncertainty risks remain on the macro side. 

Rare earth market quotation in China: neodymium oxide and praseodymium neodymium metal prices edge lower while lanthanum oxide price remains unchanged on July 20, 2022. 

China molybdenum market is still weak on July 20, 2022. Under the influence of both the drop in the price and quantity of steel tenders and the continuous decline in the international price of molybdenum, many stockholders have little confidence in stabilizing the price. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable on the whole as the market is weak at both supply and demand sides. Affected by overseas uncertainties and the off-season effect of the market, spot transactions are low. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the week ended on Friday, July 15, 2022 with the support from the cost despite the demand and financial pressures under high inflation affect the buying interest of traders, especially their intention to receive high-price resources. 

At the beginning of the week, China rare earth prices continued the downward trend of last week as a whole. Under the circumstance that the weak demand from downstream users was difficult to improve, the supply of rare earth raw materials was slightly loose. 

At the beginning of the week, China molybdenum price remains stable on the whole, which was mainly reflected in the weak demand from downstream users, the willingness of many suppliers to sell at lower prices and the fact that the actual transactions were relatively small. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices continue to remain stable with the domestic economic data is boosting the confidence of market participants. However, the circulation of the industrial chain is still blocked under the pressure of global economic and trade. Market trading is not active and sellers quote steadily.  

This week, China rare earth price showed a continuous downward trend as a whole, mainly due to the low willingness of downstream users to receive goods, the decline in the listed prices of rare earths in the north this month, and the lack of confidence in suppliers to support prices. 

This week, China molybdenum price still moved down slightly, mainly due to the high price pressure of downstream users and the obvious decline of international molybdenum raw material prices, which led to the lack of confidence in most suppliers to stabilize prices.