Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to keep stable and strong as raw material manufacturers have strong rised mentality, prompting intermediate traders and downstream smelting users passively follow up the quotation. 

China molybdenum price was in the upward trend in the week ended on Friday, August 12, 2022. With the continuous increase of positive factors, the pessimistic atmosphere in the market has dissipated significantly, not only the price of molybdenum chemical products has risen significantly, but also the transaction volume has also increased significantly. 

China rare earth price was in the downward trend in the week ended on Friday, August 12, 2022. Under the gradual exhaustion of favorable factors, traders' optimistic expectations have declined, and their cautious mood has increased, which in turn leads to less trading volume and uncertain market outlook.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices are unchanged from the previous trading day when fundamentals and external news have not been significantly updated. The supply and demand on the market are still in a stalemate and holders are willing to support the market.