Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices have seen minor adjustments in the week ended on Friday, September 8, 2023 with a stable yet slightly weaker trend. This is primarily due to the relatively subdued atmosphere on the demand side. 

Rare earth market quotation in China: praseodymium oxide, neodymium oxide, praseodymium neodymium oxide and metal prices increase slightly on September 11, 2023. 

At the beginning of the week, China’s ferro molybdenum and molybdenum oxide prices increase slightly while molybdenum powder price remains stable on September 11, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has seen a slight weak adjustment on September 7, 2023, as the persistent weakness in demand from the market's demand side has shaken traders' confidence. 

As of September 8, 2023, China rare earth market has shown an overall stable upward trend in prices for the week. This trend can be primarily attributed to the generally strong speculative sentiment among suppliers. 

This week, Chinese molybdenum prices have remained relatively stable with no significant fluctuations. Amid the interplay of various factors affecting the market, there has been intense price bargaining between buyers and sellers. As a result, market trading activity remains subdued, with relatively low actual transaction volumes.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in the Chinese market remain stable in early September 2023 with listed tungsten enterprises and Ganzhou Tungsten Association (GTA) releasing their guide prices for September 2023. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market are unchanged from the previous trading day on September 5, 2023 with market confidence weakening. 

Rare earth market on September 6, 2023: the overall domestic rare earth market is relatively good, mainly reflected in the sharp jump in the prices of mainstream light and heavy rare earth raw materials and the increase in market inquiries. 

China’s overall domestic molybdenum market is in a dilemma on September 6, 2023 mainly due to the general demand from downstream users and the low spot inventory in the market.