Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day on July 13, 2022. Imported inflation has led to significant cost pressures in the market. At the same time, overseas tightening monetary measures have caused the consumer market to slump. Upstream and downstream supply and demand in the tungsten products industry is in a stalemate. 

Rare earth market quotation in China: terbium oxide, praseodymium oxide and neodymium oxide prices decline slightly on July 13, 2022. In the case of long-term weak demand from downstream users, many suppliers have high panic, mainly reflected in the relatively chaotic quotations and some companies suspending quotations. Under this background, some industry players are bearish on the market outlook.

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices stabilize in the middle of July under the background of high inflation and high cost. Although smelting factories reduce or stop production for equipment maintenance to ease part of inventory pressure and price inversion pressure, the short-term market is expected to be quiet and trading activity will be low. 

The overall China’s domestic molybdenum market is stable and weak on July 13, 2022. Under the influence of many uncertain factors, although many steel companies are willing to enter the market to tender for ferromolybdenum, the tender price is low, which makes it difficult for molybdenum prices to rise.