Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market keeps quiet on May 11, 2023 as the demand side does not become active and most raw material suppliers consider profit-taking. 

China rare earth market was mixed in the week ended on Friday, May 12, 2023. Under the interweaving of negative and positive factors, the price trends of light rare earth, heavy rare earth and their permanent magnet materials have some divergences, that is, the market of praseodymium and neodymium rises first and then stabilizes, and the market of dysprosium and terbium goes up and down while the NdFeB blank market maintained stable operation.

China molybdenum price showed a downward trend as a whole in the week ended on Friday, May 12, 2023, mainly due to the strong sentiment of buyers to suppress prices, the strong awareness of many suppliers to take profits, and the limited driving ability of the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices continue to be stable on May 10, 2023 affected by the relative tight supply of raw materials but continued weakness in the demand side. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm and stable on May 9, 2023 affected by low trading activity of market participants as well as the delay of stocking up of purchasers. 

The overall Chinese rare earth market has improved slightly on May 10, 2023, mainly reflected in the tentative rise in the prices of many rare earth raw materials.

The overall domestic molybdenum market presents a stable and weak pattern on May 10, 2023. Affected by the weakening support of favorable factors, the confidence of many suppliers in stabilizing prices is slightly insufficient. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes overall when there are certain pressures in all links of the industrial chain, mainly due to the relative weakening of demand in the downstream terminal market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price keeps firm after the holiday of Labour Day because the new guide prices from listed tungsten enterprises for the first half of this month were raised as expected. 

China rare earth price has not changed significantly on May 8, 2023. In the case of an oversupply of on-site spot goods, traders are not in a good mood to enter the market and basically focus on rigid demand transactions.