Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on May 5, 2023 mainly due to the strong rised mentality of tungsten raw material suppliers as well as the expected increase of long-term contract prices for the first half of May 2023. 

China’s ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices are relatively weak on May 6, 2023 mainly due to the general enthusiasm of downstream users to enter the market for inquiries and purchases, the rational shipment of suppliers, and the sideways operation of the international molybdenum market. 

China’s domestic rare earth market maintains a weak and stable operation on May 6, 2023. Under the interweaving of many positive and negative factors, the negotiation atmosphere between buyers and sellers is slightly stalemate.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price stabilizes in the first trading day after the holiday of Labor Day and most market participants are waiting for the new guidance from listed tungsten companies.