Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices remain weak adjustment on June 9, 2022 as the market is still in a stalemate. In addition, the decline in new offers from listed tungsten companies also weakened market confidence. 

China’s domestic molybdenum price rebounded in the week ended on Friday June 10, 2022 under the background of rising steel prices and a slight improvement in the global economy.

There was no significant change in the overall China rare earth market this week began on Monday June 6, 2022. At the beginning of the week, affected by the end of the Dragon Boat Festival and the unblocking of Shanghai, the prices of mainstream light and heavy rare earth products remained basically stable, with a small increase in some cases. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be weak on June 8, 2022 as the demand fails to meet market expectation and the new guide prices from listed tungsten companies also decline, which weakens market confidence. However, market price is not likely to decline sharply in the short term under the background of global inflation and economic recovery after the COVID-19.