This week, China rare earth price showed a continuous downward trend as a whole, mainly due to the low willingness of downstream users to receive goods, the decline in the listed prices of rare earths in the north this month, and the lack of confidence in suppliers to support prices. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day on July 13, 2022. Imported inflation has led to significant cost pressures in the market. At the same time, overseas tightening monetary measures have caused the consumer market to slump. Upstream and downstream supply and demand in the tungsten products industry is in a stalemate. 

This week, China molybdenum price still moved down slightly, mainly due to the high price pressure of downstream users and the obvious decline of international molybdenum raw material prices, which led to the lack of confidence in most suppliers to stabilize prices. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices stabilize in the middle of July under the background of high inflation and high cost. Although smelting factories reduce or stop production for equipment maintenance to ease part of inventory pressure and price inversion pressure, the short-term market is expected to be quiet and trading activity will be low.