Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to be under pressure.

China molybdenum price showed a pattern of first decline and then rise in the week ended on Friday, July 7, 2023. At the beginning of the week, due to the slowdown in the purchase speed of downstream users at the end of last month, the slight drop in international molybdenum prices, and the high level of molybdenum prices at that time, suppliers’ quotations were basically declined. 

China rare earth price showed a downward trend in the week ended on Friday, July 7, 2023. Under the influence of weak supply and demand, the trading activity in the market was low and many industry players lacked confidence in the market outlook. In this situation, in order to alleviate the shortage of working capital, the quotations of suppliers were basically lowered.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten bar prices in the Chinese market remain weak adjustment on July 5, 2023 because market sentiment becomes further negative with the decline in Xiamen Tungsten’s APT bid price.