Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices were in the downward trend last week on lowered tungsten average prices released earlier last week and bad trading atmosphere in the market. With the support of tungsten ore market, price decline was limited, but tended to be weak under demand pressure. 

Opening this week, ferro molybdenum and molybdenum oxide prices edge higher while molybdenum powder price is unchanged from last week. Steel biddings are the focus of the market at the end of the month and with steel mills slow down to enter the market, confidence of dealers is weakened. 

Rare earth market quotation in China: domestic rare earth price is unchanged from last week as the tightening availability of raw materials raises traders’ rised mentality. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices remain weak adjustment in the week to Friday November 22. The bad trading atmosphere covers the whole market and most purchasers make their enquiry at a relatively low level. With limited supports from supply and cost sides, and increased capital pressure, some dealers cut their profits for more sales.