Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in the Chinese market continue to be stable when the market trading is low with the approaching of the Chinese Spring Festival holiday. 

The overall situation of the China’s rare earth market has not changed significantly this week. Under the mutual influence of negative and positive factors, light and heavy rare earth traders have different attitudes, mainly reflected in the slight increase in the price of praseodymium oxide and neodymium oxide, while the price of dysprosium oxide and terbium oxide dropped slightly. 

This week, China’s domestic molybdenum market as a whole maintains a high level and relatively strong operation. Although the Spring Festival is approaching, the enthusiasm of downstream users to enter the market for inquiries and purchases has declined, and the recent drop in the international molybdenum price has largely hindered the market from heating up again. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices keep strong in early January 2023 as participant are mostly optimistic about the outlook based on the incentive measures and repair expectations of the downstream consumer market, superimposed on the first round of price increases by institutions and large companies in 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day on January 10, 2023. At present, the sentiment of upstream manufacturers, the situation of Covid-19 and the festive atmosphere are the main factors affecting the tungsten market. 

Rare earth market quotation in China: neodymium oxide and praseodymium neodymium oxide prices pick up slightly while dysprosium oxide price edge lower on January 11, 2023. 

Molybdenum market quotation in China: molybdenum powder, sodium molybdate and ammonium molybdate prices continue to pick up on January 11, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability with the support of rised mentality of raw material manufacturers, but downstream buyers remain cautious sentiment before the holiday of Spring Festival. 

Tungsten needle is a kind of tungsten rod with sharp ends. Usually, it is made of high-density tungsten metal so that it can be widely used in many fields. For its production, it adopts powder metallurgy, but this method is not enough when very sharp tips are required. 

Diamond wire saw, also known as diamond wire, refers to a cutting wire that fixes diamond abrasives on metal wires by electroplating or resin bonding. It is mainly used to cut high-hard and brittle materials such as single crystal silicon, polycrystalline silicon, sapphire, magnetic materials, and hard alloys, etc.