Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price maintained stability in the week ended on Friday September 24, 2021. On the one hand, the market was affected by the holidays of Mid-Autumn Festival and National Day; on the other hand, the stability of long-term contract prices for the second half of this month made the market in a stalemate. 

At the beginning of the week, China’s domestic molybdenum market was slightly weak. Affected by many uncertain factors, traders were obviously hesitant to enter the market, so the spot liquidity was not good, and the industry's views on the market outlook were quite different.

At the beginning of the week, China’s domestic rare earth market generally showed a sideways pattern. As downstream users were extremely cautious in purchasing raw materials, the price of rare earths was obviously difficult to rise.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices continue to stabilize in China as new guide prices from listed tungsten companies reduced slightly.