At the beginning of the week, China’s ferro molybdenum, molybdenum powder and oxide prices edge higher, mainly due to low inventory of molybdenum raw materials, the large demand of downstream users and the warming up of the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices remain stable on November 17, 2022. On the one hand, most insiders are waiting and seeing the next move in the demand side; on the other hand, they are focusing on the domestic epidemic situation and the adjustment of related measures, as well as the overseas inflation situation and economic pressure.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price stabilizes on the whole as the spread of the epidemic in Zhuzhou and other places has affected the consumption and transportation of cemented carbide, which has weakened the confidence in market demand. 

Rare earth market quotation in China: europium oxide, neodymium oxide and lanthanum oxide prices are unchanged from the previous trading day on November 17, 2022. Some traders are trying to raise their offers with the increased demand and reduced supply of raw materials.