Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices maintain stability as market participants are concerned about the upcoming peak of the epidemic with the approaching of New Year's Day and the Spring Festival holidays. 

This week, China rare earth market showed a pattern of rising first and then stabilizing. At the beginning of the week, supported by factors such as low spot inventory in the market, increased inquiries from downstream users, and the rapid development of emerging industries, suppliers generally raised their quotations slightly. 

China molybdenum market maintained a relatively strong operation in the week ended on Friday December 23, 2022. At the beginning of the week, with the support of factors such as tight spot supply of molybdenum raw materials, acceptable demand from downstream users, and the need to narrow the gap between domestic and foreign molybdenum prices, suppliers basically raised their quotations. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices continue steady upward trend on December 21. 2022 with listed tungsten companies raised their last round of guide prices for the second half of this month. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT) and tungsten powder prices edge higher on December 20, 2022 with the support of strong rised mentality of raw material suppliers as well as the increase in new guide prices for the second half of this month. 

Rare earth market quotation in China: dysprosium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices edge higher on December 21, 2022.

China molybdenum price continues to hit record high on December 21, 2022, and with the weaker confidence of suppliers, the increase pace slows down. The current prices of molybdenum concentrate, ferromolybdenum and sodium molybdate are consolidating at 3,940 yuan/mtu and 268,000 yuan/ton and 175,000 yuan/ton, respectively. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes as the market keeps quiet and replenishment of downstream end users is limited. With the adjustment of domestic epidemic prevention and control measures and the recovery of logistics transportation capacity, the market outlook consumption is expected to gradually pick up, which will give a certain boost to the market trading. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable on the whole in the week ended on Friday December 16, 2022 when raw material manufacturers have rised mentality with Chinese government easing ‘Zero Covid’ restrictions.

Rare earth market quotation in China: terbium oxide, praseodymium oxide and neodymium oxide prices increase on December 19, 2022 due to strong rised mentality of sellers.