Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remained stable in early April when sellers would like to sell goods but did not get an effective response from the downstream terminal.

China rare earth price fluctuated within a narrow range in the week ended on Friday April 7, 2023. Under the interweaving of many positive and negative factors, the price game between buyers and sellers was fierce.

China molybdenum price rebounded in the week ended on Friday April 7, 2023 mainly due to the increased enthusiasm of downstream users for inquiries and purchases and the general increase in suppliers' awareness of profitability. 

Tungsten heater is a typical tungsten product made of pure tungsten wire or doped tungsten wire through drawing, stranding, pressing molding and surface treatment (electropolishing or alkaline cleaning or cleaning). 

Tungsten filament is a product of pure tungsten wire or dropped tungsten wire after finishing, with tungsten powder was main raw material, potassium, aluminum, silicon and other chemical elements as additives. Its purity is as high as 99.95%. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remained weak adjustment on April 4, 2023 with the decline in new guide prices for the first half of this month, which is in line with the current market despite of weakening market confidence. 

Rare earth market quotation in China: terbium oxide price increases slightly while gadolinium oxide and praseodymium neodymium oxide prices edge lower on April 6, 2023. 

China’s domestic molybdenum market showed a pattern of stabilization and recovery on April 6, 2023. Under the background of the gradual strengthening of production cost support and the increasing enthusiasm of downstream users for inquiries and purchases, many suppliers tentatively raised their quotations.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of April 2023, China tungsten price was temporarily stabilized because most market participants are waiting and seeing the new round of guide prices from institutions and large enterprises.

According to the U.S. Geological Survey (USGS), Vietnam is estimated to have the world's second largest mineable rare earth resource after China, with reserves of 22 million tons, compared to China's 44 million tons. North Korea holds the world's largest deposits, but sanctions have prevented the resource from being exploited in the global rare earths supply chain.