Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain stable on July 27, 2023 when the whole industry is in a stalemate. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices increase slightly on July 31, 2023 with relatively good mentality of traders, and increased actual transaction volume.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to keep stable on July 26, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

The recent tungsten market in China continues to be stable as it is in the off season. In fact, the more important factor than the weather is the relatively pessimistic sentiment of consumers under the pressure of global economic shocks, delays in market procurement and stocking, and limited transactions.

Rare earth market quotation in China: neodymium oxide, praseodymium neodymium oxide, holmium oxide and dysprosium oxide price increase slightly on July 26, 2023. 

The overall domestic molybdenum market maintains a high level of stable operation, mainly reflected in the difficulty in updating molybdenum prices, traders basically maintaining rigid demand, and the transaction volume is average. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable as the market continues to be deadlocked with rare deals concluded. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, July 21, 2023 affected by the sluggish demand, the decline in new guide prices from listed tungsten enterprises and weak market. 

Rare earth market on July 24, 2023: At the beginning of the week, the overall domestic rare earth market was still weak. Although stimulated by the news of the temporary closure of Tengchong and the support of production costs and downstream users’ enthusiasm for bargain hunting, the price of praseodymium, neodymium, dysprosium, and terbium gadolinium rose somewhat.

Molybdenum market on July 24, 2023: At the beginning of the week, Chinese overall molybdenum price keeps firm mainly reflected in the acceptable downstream demand and the slight increase in the price of molybdenum raw materials.