Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices drop on August 3, 2022 mainly due to the decrease in both the quantity and price of steel, the poor performance of the international molybdenum market, the large stock of molybdenum raw materials in stock and the slow growth rate of the global economy. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend overall in July 2022 mainly due to the significant cost pressure in the market under the background of high inflation. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price edged higher with the support of costs of raw materials as well as the rised mentality of sellers. The enthusiasm of smelters and intermediate traders for bottoming and rebounding has increased, and resources at low levels in the market have decreased. Mainstream tungsten product offers have been raised.

China’s lanthanum oxide price keeps stable while dysprosium oxide and praseodymium neodymium oxide prices increase slightly on August 1, 2022, mainly due to the lower-than-expected demand from downstream users and the slow growth rate of the global economy, which led to a slight lack of confidence in the short-term market.