Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on April 25, 2023 mainly due to the tightening supply of raw materials as well as the strong rised mentality of suppliers. 

China’s sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices move up significantly, mainly due to the simultaneous rise in steel bidding prices, which has prompted suppliers to raise prices and speculate strongly. 

China rare earth market is still not good on April 26, 2023, mainly reflected in the decline in the prices of praseodymium, neodymium, dysprosium, terbium and NdFeB to varying degrees, and the actual transaction volume is lower than expected. This is mainly due to the fact that the weak downstream demand is difficult to improve and the recent market spot volume has not decreased significantly.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable because purchasers are not active in trading and sellers are not willing to cut their profits for more sales.