Analysis of latest tungsten market from Chinatungsten Online

China’s Ganzhou Tungsten Association (GTA) and listed tungsten companies lowered down their guide prices for the first half of March 2023, which weakened market confidence to some extent. 

China’s ferro molybdenum, molybdenum powder and oxide prices stop declining and remain stable on March 8, 2023. As steel companies successively enter the market to bid for ferromolybdenum and the current price of molybdenum raw materials has dropped significantly compared with the beginning of last month, the market inquiry and purchase activity has slightly increased and investors are more optimistic about the market outlook.

Rare earth market quotation in China: erbium oxide, gadolinium oxide, praseodymium oxide and praseodymium neodymium oxide prices keep declining on March 8, 2023, mainly due to the fact that the problem of oversupply in the market still exists. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of this week, China tungsten price continues to stabilize, mainly based on the willingness of the primary market to raise prices, while the atmosphere of intermediate traders and downstream inquiries and purchases is still light.