Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week ended on Friday, November 18, 2022 as the whole market was quiet with cautious sentiment of market participants. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices increase at the beginnng of the week. 

At the beginning of the week, China’s ferro molybdenum, molybdenum powder and oxide prices edge higher, mainly due to low inventory of molybdenum raw materials, the large demand of downstream users and the warming up of the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price stabilizes on the whole as the spread of the epidemic in Zhuzhou and other places has affected the consumption and transportation of cemented carbide, which has weakened the confidence in market demand. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices remain stable on November 17, 2022. On the one hand, most insiders are waiting and seeing the next move in the demand side; on the other hand, they are focusing on the domestic epidemic situation and the adjustment of related measures, as well as the overseas inflation situation and economic pressure.

Rare earth market quotation in China: europium oxide, neodymium oxide and lanthanum oxide prices are unchanged from the previous trading day on November 17, 2022. Some traders are trying to raise their offers with the increased demand and reduced supply of raw materials. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices keep stable on November 17, 2022.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices are unchanged from the previous trading on November 15, 2022 as market participants are not active in trading.

Rare earth market quotation in China: praseodymium oxide and praseodymium neodymium oxide prices continue to decline on November 16, 2022 mainly due to low trading activity. 

China molybdenum price increases on the whole on November 16, 2022. Under the background of the small stock in the market and the difficulty in increasing the supply in the future, steel companies have intensively entered the market to bid for ferromolybdenum and the bidding price is acceptable, which has greatly increased their confidence in raising prices.