Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day mainly due to cautious trading sentiment of market participants. 

China rare earth prices are generally arranged within a narrow range on November 30, 2022. Affected by many uncertain factors, the market trends of light and heavy rare earths are slightly different, that is, the light rare earth market is stable and strong, and the heavy rare earth market is weak.

The overall domestic molybdenum market performed well. Under the contradiction between the small stock of molybdenum raw materials and the strong demand of downstream users, suppliers generally hold a strong bullish sentiment and the quotations continue to rise。 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes affected by repeated COVID-19 in many places of China. In addition, the global high inflation pressure and the global tight currency situation caused by the rapid rise of the US dollar have led to a relatively sluggish global economic outlook, further increasing the pressure on overseas consumer markets.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price edged higher in the week ended on Friday November 25, 2022 affected by the increase in new guide prices for the second half of this month as well as relative active trading.

At the beginning of the week, China’s domestic rare earth prices fluctuated in a narrow range as a whole. Under the influence of many uncertain factors, the market trend of light and heavy rare earths was slightly different, that is, the light rare earth market was stable and relatively strong, while the heavy rare earth market was operating flat. 

China molybdenum market keeps strong on November 28, 2022. Under the joint influence of the low stock of molybdenum concentrates, the number of bids for steel companies and the rise in prices, the quotations of molybdenum mining companies have increased significantly. 

Analysis of latest tungsten market from Chinatungsten Online

China's ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day. although raw material suppliers try to bottom out, downstream end users keep cautious sentiment and thus the whole market activity is low. 

This week, China rare earth market remained stable overall. At the beginning of the week, due to the slight increase in the enthusiasm of downstream users for inquiries and purchases, the prices of mainstream light and heavy rare earth raw materials rose. However, due to the limited increase in downstream demand near the weekend, the price increase of rare earths was obviously weak.

China molybdenum price was in the upward trend in the week ended on Friday November 25, 2022, mainly due to the shortage of molybdenum raw material supply and the rise in steel bidding prices. But the increase slowed down, which was not as good as last week, as the current molybdenum price is high and the international molybdenum market is cooling down.