Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten bar and tungsten powder prices keep unchanged on June 15, 2023 due to continued deadlocked supply and demand in the market. 

China rare earth price mixed in the week ended on Friday, June 16, 2023. Specifically, supported by production costs at the beginning of the week, the prices of light and heavy rare earths mostly rose slightly, but near the weekend, due to the lower than expected follow-up of downstream demand, the prices of some rare earth raw materials dropped slightly. 

China molybdenum price showed a downward trend in the week ended on Friday, June 16, 2023. As the favorable factors gradually weakened, the buyer’s market advantage was slightly enhanced, mainly reflected in the improvement of suppliers’ awareness of profitability. 

Chinese tungsten powder and tungsten carbide powder prices continue to be stable on June 14, 2023 because the depressed atmosphere at the cemented carbide end affects the sentiment of the tungsten raw material market. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market are unchanged from the previous trading day on June 13, 2023 affected by the continued weakness in the demand side. 

Rare earth market quotation in China: lanthanum oxide price declines slightly while terbium oxide and dysprosium oxide prices edge higher on June 14, 2023 under the influence of many uncertain factors. 

The overall China’s domestic molybdenum price has shown a general downward trend on June 14, 2023, mainly due to the decrease in downstream demand, the lack of confidence in suppliers' price stability, and the continued negative decline in international molybdenum oxide and European ferromolybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continues to be stable because the whole industrial chain is still in a stalemate and the global economy growth slows, which prohibits the resource circulation in the spot market. 

Analysis of latest tungsten market from Chinatungsten Online

The whole China tungsten price kept firm in the week began on Monday June 5, 2023 with the impact of the increased long-term contract prices from listed tungsten companies, which prompted manufacturer’s offers at the same time. 

At the beginning of the week, China’s domestic rare earth market generally has traded sideways.