Analysis of latest tungsten market from Chinatungsten Online

Tungsten association and listed companies announced their guidance prices one after another on Monday, indicating a steady upward trend overall. 

Rare earth market quotation in China: praseodymium neodymium oxide and gadolinium oxide prices increase slightly while dysprosium oxide price declines slightly on June 7, 2023. 

China’s domestic molybdenum market remains stable mainly due to the fact that current suppliers are not in a hurry to ship goods and buyers basically maintain rigid demand. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to maintain stable with mixed market attitudes and different expectations for the adjustment direction of supply and demand in the future. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday, June 2, 2023 when the primary market is operating cautiously and steadily. The mining end has a strong rised mentality, and external offers have risen slightly because the supply of market resources is limited; buyers remain cautious, and the enthusiasm of merchants for active consumption is not high.

At the beginning of the week, Chinese rare earth prices showed a general downward trend, mainly due to the decrease in demand from downstream users. 

At the beginning of the week, China’s molybdenum powder, ammonium molybdate and ammonium heptamolvbdate prices keep stable mainly due to the relative balance between supply and demand in the current market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize in the first trading day of June 2023 when the willingness to trade in the market has not changed significantly. The holders seek to sales products, but there are few profit givers. 

China rare earth price rose first and then fell in the week ended on Friday, June 2, 2023.

China molybdenum market showed a stable and relatively strong pattern in the week ended on Friday, June 2, 2023, mainly due to the fact that the demand of downstream users is still good and the current market spot supply is tight.