Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices in the Chinese market remain weak in the first trading day in November 2022 with the impact of low trading activity, limited operating rate of producing enterprises and heavy wait-and-see atmosphere in the market. 

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium neodymium metal prices continue to drop on November 2, 2022. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continue to decline on November 2, 2022. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in October 2022 mainly due to weak demand both at home and abroad. Prices of tungsten primary commodities dropped, the operating rates of smelting enterprises, powder and alloy enterprises declined, and market participants mainly destocked. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices are in the downward trend as traders are not active in trading and thus market trading is limited. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and powder prices continue to decline in the first trading day in November, 2022 with the gradual reduction in positive factors.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, October 28, 2022 as both supply and demand sides are under pressure. With the decrease in tungsten raw material product profits, sellers are not willing to reduce their offers. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China stabilizes temporarily with the gradually recovery in the demand market that are disturbed by the spread of the epidemic in many places in China and the pressure of global economic recession. 

This week, the overall performance of the domestic rare earth market was uncertain. At the beginning of the week, the price of rare earth raw materials rose tentatively due to the slight increase in the enthusiasm of downstream users to purchase inquiries; and near the weekend, due to the slow follow-up of downstream demand, the price of rare earth fell again. 

This week, the domestic molybdenum market as a whole showed a pattern of first stabilization and then decline. With the gradual exhaustion of favorable factors, the consumer market gradually shifted from a seller's market to a buyer's market, mainly reflected in the decline in the prices of many molybdenum chemical products and the slow growth of orders.