Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to be weak on July 20, 2023 when the release of resources from mines and smelters is relatively cautious. The overall supply the market is tight, however, the consumption at the alloy end is relatively sluggish. 

This week, China rare earth market shows a pattern of having price but no market. From the price point of view, supported by the slight increase in downstream inquiries and the strengthening of production cost support recently, the quotations of the holders have increased.

China molybdenum price was relatively strong in the week ended on Friday, July 21, 2023. Under the situation that raw material manufacturers are reluctant to sell and raise prices and the downstream demand is acceptable, the trading activity in the market is relatively high, and the price of molybdenum raw materials has risen slightly. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remain weak adjustment on July 19, 2023 greatly affected by the low buying appetite of downstream. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market remain weak adjustment on July 18, 2023 with the impact of the decline in new guide prices for the second half of this month. 

Rare earth market quotation in China: DyFe and dysprosium oxide prices increase slightly while neodymium oxide price remains unchanged on July 19, 2023. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices increased slightly on July 19, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable and the offers from traders mainly refer to the long-term contract prices released by large tungsten enterprises. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was weak in the week ended on Friday July 14, 2023 when the supply and demand in the market were in a stalemate. Most market participants took a watchful stance.

At the beginning of the week, Chinese rare earth price showed a bottoming and rebound pattern, mainly due to the increased enthusiasm of downstream users to purchase at low prices and the enhanced awareness of suppliers to make profits.