China’s domestic praseodymium, neodymium, dysprosium and terbium markets still maintain a weak operation on February 22, 2023, mainly reflected in the decline in the price of rare earth raw materials, the low sentiment of traders entering the market, and the small actual transaction volume. 

China tungsten market remains stable on Feb. 22, 2023 because the supply-demand relationship in a weak balance. The buying and selling atmosphere in the market is slightly calm, which is mainly reflected in the small number of new orders and the difficult rise and fall of molybdenum prices.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continues its stalemate when market participants are waiting for the next move in the market. Meanwhile, the limited decline in new guide prices from listed tungsten companies also supports market confidence to some extent. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price showed a slight pullback and adjustment trend in the week ended on Friday February 17, 2023 mainly due to the impact of the periodic changes in market supply and demand and emotional adjustments of insiders. The mentality of traders remained rational. Although there were some profit-takings, the room for interest concessions was limited.

At the beginning of the week, China’s domestic rare earth prices were still falling. Under the contradiction of limited downstream demand and large stocks of rare earth raw materials, most suppliers showed little confidence in stabilizing prices. 

Molybdenum market quotation in China: ferro molybdenum and molybdenum oxide prices increase slightly while molybdenum powder price keeps unchanged on February 20, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in the Chinese market tend to stabilize in the middle of February 2023 because the supply of raw materials increases but trading activity does not improve. 

Rare earth market on February 17, 2023: This week, China rare earth prices showed a downward trend as a whole. In the absence of significant improvement in downstream demand and the increase in the resumption rate of rare earth manufacturers, the spot inventory of rare earth raw materials such as praseodymium, neodymium, dysprosium, terbium, and gadolinium is slightly loose, which makes it difficult for related product prices to rise.

This week, the Chinese molybdenum market showed a pattern of first decline and then rise. At the beginning of the week, affected by the decline in international molybdenum prices, the drop in steel bidding prices and the excessive rise in molybdenum prices in the early stage, suppliers generally lowered their quotations rationally. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price declines slightly on February 15, 2023 because the activity of the demand market is slightly calmer than the rising trend of the raw material market.