Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices keep stable as the market continues to be caught in wait-and-see atmosphere with limited transactions concluded. 

This week, Chinese molybdenum price initially saw a significant decline, followed by stabilization, and was influenced by various uncertainties. Traders held somewhat differing attitudes, particularly as molybdenum raw material prices showed signs of rebounding towards the end of the week, while molybdenum chemical product prices remained sluggish.

This week, Chinese rare earth price exhibited a generally stable-to-weak trend. This was primarily reflected in varying degrees of decline in the prices of light and heavy rare earth raw materials, as well as a slow growth in actual orders. In the short term, many traders adopted a cautious wait-and-see approach.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market continue to remain stable on October 18, 2023 due to lukewarm sentiment of market participants.