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

At the beginning of the week, China tungsten price continues to keep stable as the supply and demand sides are both weak in the market. The supply of low-level resources is limited due to the overhaul of smelters and the impact of the high temperature and flood in many places in China. And the consumption also is sluggish affected by the COVID-19 and the tightening monetary measures of many economies around the world. 

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.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, July 08, 2022 because suppliers had strong rised mentality affected by the increase in the new guide prices from listed tungsten companies.