Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are still in a relatively low level with the impact of coronavirus in early April. Ammonium paratungstate (APT) exporters experienced a slow market, while unrecovered downstream manufacturing, such as the automobile industry, in China also dragged the domestic tungsten market price down.

China rare earth price continued to be in the downward trend in the week began on Tuesday April 7, 2020 affected by sluggish demand from overseas due to the Covid-19. 

Molybdenum market quotation in China: the ferro molybdenum price declines slightly while prices of molybdenum concentrate and oxide edge higher when insiders hold different views on the outlook. 

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the tungsten price in China remained weak adjustment as traders were active in selling products, but buyers still took a watchful stance. The whole market is quiet with rare transactions concluded. 

The neodymium oxide, lanthanum oxide and praseodymium oxide prices in China continue to decline when the listed prices of Southern Rare Earth lower compared with last time. In terms of downstream demand, due to the impact of the new coronavirus, most merchants indicated that their orders have been impacted to a certain extent, and that some overseas countries are currently in a state of closure, which has a certain adverse effect on some of China’s export-oriented enterprises.

The sodium molybdate, ammonium heptamolvbdate and ferro molybdenum prices in China are unchanged from the previous trading day the market tends to keep stable after the previous price decline. In the molybdenum concentrate market, due to the limited stock of raw materials and active trading of downstream, molybdenum companies have good confidence, and the transaction volume is expected to be increased. 

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