Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be stable on May 16, 2023 with rare deals concluded in the market. With the release of new guide prices for the second half of this month, most traders seem more negative and remain low trading activity. 

Chinese molybdenum market remains stable on the whole on May 17, 2023 mainly due to the general demand of downstream users and the low willingness of suppliers to cut prices and ship goods. 

China rare earth prices showed a fluctuating upward pattern on May 17, 2023, mainly reflected in the slight rise of the prices of praseodymium neodymium oxide, gadolinium oxide and dysprosium iron alloy to about 465,000 yuan/ton, 272,000 yuan/ton and 1,930,000 yuan/ton respectively. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remain stable at the beginning of the week because the market is still in a stalemate, plus with the impact of the weak recovery of the global economic momentum, the whole market trading is weak.