Zhangyuan Tungsten Declined its Long-term Contract Prices for the Late February 2023

tungsten acid photo

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continues its stalemate when market participants are waiting for the next move in the market. Meanwhile, the limited decline in new guide prices from listed tungsten companies also supports market confidence to some extent. 

Read more: Zhangyuan Tungsten Declined its Long-term Contract Prices for the Late February 2023

China Tungsten Price Showed a Slight Pullback in the Middle of February 2023

tungsten needles image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price showed a slight pullback and adjustment trend in the week ended on Friday February 17, 2023 mainly due to the impact of the periodic changes in market supply and demand and emotional adjustments of insiders. The mentality of traders remained rational. Although there were some profit-takings, the room for interest concessions was limited.

Read more: China Tungsten Price Showed a Slight Pullback in the Middle of February 2023

Molybdenum Powder Price - February 20, 2023

black TZM rod photo

Molybdenum market quotation in China: ferro molybdenum and molybdenum oxide prices increase slightly while molybdenum powder price keeps unchanged on February 20, 2023. 

Read more: Molybdenum Powder Price - February 20, 2023

China’s Domestic Rare Earth Prices - February 20, 2023

praseodymium oxide image

At the beginning of the week, China’s domestic rare earth prices were still falling. Under the contradiction of limited downstream demand and large stocks of rare earth raw materials, most suppliers showed little confidence in stabilizing prices. 

Read more: China’s Domestic Rare Earth Prices - February 20, 2023

China’s Xianglu Tungsten Raised its Long-term Contract Prices for February

tungsten granule image

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in the Chinese market tend to stabilize in the middle of February 2023 because the supply of raw materials increases but trading activity does not improve. 

Read more: China’s Xianglu Tungsten Raised its Long-term Contract Prices for February

 

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