Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was weak overall in the week ended on Friday, July 7, 2023 affected by sluggish demand of downstream terminals, the downward price guidance of institutions and large enterprises as well as the influence of high temperature, flood weather and weak recovery of the economic environment. 

Rare earth market quotation in China: terbium oxide, holmium oxide and dysprosium oxide prices edge lower on July 10, 2023 under the influence of many uncertain factors.

At the beginning of the week, China molybdenum market generally maintained stable mainly due to the general enthusiasm of downstream users to enter the market for inquiries and purchases and the generally strong confidence of suppliers to stand up prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to be under pressure.

China rare earth price showed a downward trend in the week ended on Friday, July 7, 2023. Under the influence of weak supply and demand, the trading activity in the market was low and many industry players lacked confidence in the market outlook. In this situation, in order to alleviate the shortage of working capital, the quotations of suppliers were basically lowered.

China molybdenum price showed a pattern of first decline and then rise in the week ended on Friday, July 7, 2023. At the beginning of the week, due to the slowdown in the purchase speed of downstream users at the end of last month, the slight drop in international molybdenum prices, and the high level of molybdenum prices at that time, suppliers’ quotations were basically declined. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten bar prices in the Chinese market remain weak adjustment on July 5, 2023 because market sentiment becomes further negative with the decline in Xiamen Tungsten’s APT bid price. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten carbide powder prices in the Chinese market are under pressure affected by the negative sentiment of traders, especially large tungsten enterprises.

China rare earth price has shown a continuous decline on July 5, 2023. 

Molybdenum market quotation in China: the sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain unchanged on July 5, 2023.