Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the downward trend in the week ended on Friday, May 13, 2022 due to the demand concerns caused by the epidemic and the financial pressure caused by the changing external environment. 

At the beginning of the week, China’s ferro molybdenum, ammonium molybdate and molybdenum powder prices remain unchanged as the negotiation consistency between buyers and sellers is not very high under the influence of many uncertain factors.

At the beginning of the week, China rare earth price generally fluctuated within a reasonable range, mainly due to the difficulty in increasing the supply of raw materials, the sharp drop in the price of rare earth raw materials in the early stage, and the gradual stabilization of the epidemic situation in Shanghai and other places. However, the overall market demand is still not good, so some rare earth suppliers face a greater risk of inversion.

PART IV  OUTSTANDING PROBLEMS & SOLUTIONS OF CHINA TUNGSTEN 

4.1 Outstanding Problems Faced

4.1.1 Consumption Rate of Tungsten in China is Higher than the Global Average