Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was generally under pressure and corrected in the week ended on Friday, March 17, 2023, mainly due to the weak demand in the consumer market, which affected the mood of spot trading negotiations. Market participants are waiting for the long-term contract prices for the second half of this month. 

At the beginning of the week, most Chinese rare earth prices continue to decline on March 20, 2023, but the decline has been reduced compared with the previous period, mainly due to the continuous introduction of favorable policies and the gradual increase in production cost support. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be weak on March 16, 2023 due in part to the weakness both in the supply and demand sides. 

This week, China rare earth prices have shown a downward trend as a whole. The current downstream industries of rare earths, such as new energy vehicles and 3C consumer electronics, are doing so well. Tesla announced that the next generation of permanent magnet motors will abandon rare earths.

At the beginning of the week, China’s domestic molybdenum prices still moved down slightly. The prices of ferromolybdenum and molybdenum concentrate dropped to about 290,000 yuan/ton and 4,400 yuan/mtu respectively, while the month-on-month decreases were 22.67% and 21.43% respectively. 

The overall situation of the domestic molybdenum market is not good in the week ended on Friday March 17, 2023, mainly manifested in the fact that the prices of most molybdenum products have been falling all the way, falling to the price before the Spring Festival, and the actual transaction speed is relatively slow. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices are unchanged from the previous trading day on March 15, 2023 because the market is caught in heavy wait-and-see atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are weak in the middle of March 2023 as market participants are taking a watchful stance and the whole market trading is low. 

China’s domestic rare earth market as a whole showed a general decline trend on March 15, 2023. 

China’s overall domestic molybdenum market is still showing a fluctuating and downward trend. Under the mutual influence of many positive and negative factors, buyers’ consumption is slightly more exhausted than before and after the Spring Festival.