Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment on the whole in the week ended on Friday, September 16, 2022 with the impact of continuous weakness in the demand side and slow liquidity. 

At the beginning of the week, China molybdenum price remains strong as last week. During the traditional peak season, steel companies are basically willing to enter the market to bid for ferromolybdenum. 

At the beginning of the week, China rare earth price is generally within a reasonable range. Under the circumstance that the demand of downstream users was lower than expected and the global economic situation was not optimistic, the price of rare earth raw materials rose slightly weakly. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain weak adjustment because uncertain factors such as the epidemic, geopolitical conflicts, and inflation still put pressure on back-end industrial consumption and affect the focus of tungsten product prices.