Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to trade sideways on April 13, 2023, mainly due to the lack of buying interest of downstream terminal. Th whole market is also quiet given the continued sluggish trading performance as well as the lack of support from the cost side, the risk in the macro environment, and the poor sentiment of market participants. 

China molybdenum price showed a downward trend in the week ended on Friday April 14, 2023 mainly due to the slightly increased supply of molybdenum raw materials, the strong sentiment of downstream users to suppress prices, the lack of confidence of suppliers in stabilizing prices, and the unstoppable drop in overseas molybdenum prices. 

China rare earth price kept falling in the week ended on Friday April 14, 2023. With the rapid growth of rare earth raw material spot inventory, the buyer’s market has a relatively large advantage, which has led to the decline in rare earth raw materials such as praseodymium, neodymium, terbium, gadolinium, dysprosium and their permanent magnets. Material prices have been falling, and the buying and selling atmosphere in the market is low.

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day affected by the continued quiet market and low trading activity of the market participants.