At the beginning of the week, China rare earth prices fluctuated in a narrow range as a whole. Affected by negative-positive factors, the trading atmosphere in the market was sluggish, and the mentality of light and heavy rare earth traders and permanent magnet material traders was slightly different.

At the beginning of the week, China molybdenum market showed a stable and relatively strong pattern, mainly due to the low spot inventory in the market, the increased demand from downstream users and the rise in international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day in the middle of May 2023 when raw material suppliers are not willing to reduce their prices and downstream demand is sluggish. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices in the Chinese market are unchanged from the previous trading day on May 17, 2023 because the market continues to be deadlocked. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be stable on May 16, 2023 with rare deals concluded in the market. With the release of new guide prices for the second half of this month, most traders seem more negative and remain low trading activity. 

China rare earth prices showed a fluctuating upward pattern on May 17, 2023, mainly reflected in the slight rise of the prices of praseodymium neodymium oxide, gadolinium oxide and dysprosium iron alloy to about 465,000 yuan/ton, 272,000 yuan/ton and 1,930,000 yuan/ton respectively. 

Chinese molybdenum market remains stable on the whole on May 17, 2023 mainly due to the general demand of downstream users and the low willingness of suppliers to cut prices and ship goods. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remain stable at the beginning of the week because the market is still in a stalemate, plus with the impact of the weak recovery of the global economic momentum, the whole market trading is weak. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday, May 12, 2023 but actual transaction prices declined slightly because the rising market on the raw material side has not been responded by downstream customers.

At the beginning of the week, China rare earth price remained stable on the whole, with some rising slightly, mainly due to the fact that downstream users basically maintained just-needed replenishment and some spot supplies in the market had tightened.