Analysis of latest tungsten market from Chinatungsten Online

In the first half of 2022, China tungsten price generally showed an unstable tend featuring rising first and then falling. The industry was significantly disturbed by the epidemic, the conflict between Russia and Ukraine, as well as the global economic and financial situation.

This week, the overall domestic molybdenum market showed a weak pattern. Affected by the significant decrease in the number of tenders and prices of steel companies compared with the previous two weeks, many suppliers' firm quotation confidence was slightly loosened. The prices of molybdenum concentrate and ferro molybdenum declined to around RMB 2,760/mtu and RMB 179,000/ton, respectively.

This week, the overall focus of domestic rare earth prices moved down slightly. In the state of long-term weak demand from downstream users, the seller's market is slightly less confident in price stability, mainly reflected in the price of praseodymium neodymium oxide, terbium oxide and dysprosium oxide, which dropped slightly to 935,000 yuan/ton, 14,500 yuan/kg and 2,470,000 yuan/ton, respectively.

Analysis of latest tungsten market from Chinatungsten Online

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