Analysis of latest tungsten market from Chinatungsten Online

China tungsten market stabilized in the first trading day of the year of 2023. On the one hand, traders have relatively good confidence in the recovery of the domestic economy, but the epidemic prevention and control has entered a new stage, and the stability of the market still encounters greater difficulties and challenges; on the other hand, overseas economic prospects are not yet clear.

Rare earth market quotation in China: praseodymium oxide, lanthanum oxide and dysprosium oxide prices remain strong in the new year of 2023, and sellers and buyers are in a stalemate under many instabilities. 

Molybdenum market quotation in China: molybdenum powder, oxide and sodium molybdate prices continue to rise sharply in the new year of 2023. Under the support of positive factors, many suppliers still have a strong bullish sentiment of reluctance to sell, but affected by insufficient liquidity and rising awareness of profit-taking, a few suppliers still have relatively high shipments enthusiasm, so the market trading is active. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to maintain a strong trend in December 2022 mainly because the strong rised mentality of mining enterprises pushed up the overall cost of the industry, while the consumer end was not very enthusiastic about entering the market due to the impact of complex external environmental pressures as well as the festival atmosphere.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is consolidating at a high level at the end of December 2022 when the labor shortage caused by the Covid infection is reflected in various aspects such as enterprise production, warehousing and logistics.

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices remain at a relatively high level on December 27, 2022 as the whole supply is tight with more and more people infected with Covid. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price was temporarily stable. With the approaching of the New Year’s Day holiday after China easing ‘Zero Covid’ restrictions, the data of people booking travel during the holiday has increased significantly. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week ended on Friday December 23, 2022 after a steady increase early in this month. The last long-term contract prices were raised, which shored up market confidence, despite market trading was not active as expected. 

At the beginning of the week, China rare earth price generally continued to pick up slightly mainly due to the low supply of some rare earth raw materials and the support of production costs. Industry players still lack confidence in the market outlook. 

At the beginning of the week, China’s domestic molybdenum market as a whole continued to run stably at a high level last week. The prices of molybdenum concentrate, oxide and powder prices maintain stability.