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. 

This week, the Chinese molybdenum market showed a pattern of first decline and then rise. At the beginning of the week, affected by the decline in international molybdenum prices, the drop in steel bidding prices and the excessive rise in molybdenum prices in the early stage, suppliers generally lowered their quotations rationally. 

Rare earth market on February 17, 2023: This week, China rare earth prices showed a downward trend as a whole. In the absence of significant improvement in downstream demand and the increase in the resumption rate of rare earth manufacturers, the spot inventory of rare earth raw materials such as praseodymium, neodymium, dysprosium, terbium, and gadolinium is slightly loose, which makes it difficult for related product prices to rise.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price declines slightly on February 15, 2023 because the activity of the demand market is slightly calmer than the rising trend of the raw material market.