Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in May, and the average tungsten forecast prices from Ganzou Tungsten Association and long-term contract prices from state-owned tungsten companies also declined, owing to the impact of the epidemic in Shanghai, Jilin and other places on the domestic economy. 

Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices remained unchanged in the first trading day in June 2022. 

Rare earth market quotation in China: europium oxide and cerium oxide prices continue to stabilize while praseodymium neodymium metal price increases slightly in the first trading day in June 2022. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continues to remain stable as the whole market is still in a stalemate. With the effective control in COVID-19 as well as the release in personnel restrictions and logistics control in China, insiders believes that manufacturing industries such as automobiles and equipment are expected to be recovered in June, which is good for the release of demand.