Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market continue to stabilize on November 29, 2023, and there is little change in the market fundamentals. 

The overall rare earth market in China is relatively weak. Apart from the widespread decline in mainstream light and heavy rare earth prices, this is also reflected in the lack of enthusiasm among traders and the scarcity of new orders. In this situation, some industry insiders predict that the market is unlikely to rebound in the short term.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price seems in the upward trend with the market sentiment buoyed by the influence from the mining side. However, buyers remain relatively cautious as there is not much improvement in the demand side. 

The overall Chinese domestic molybdenum price is showing a pattern of bottoming out and rebounding on November 29, 2023.