At the beginning of the week, China molybdenum price continues to rise sharply due in part to the tightening availability of raw materials in the market as well as active trading. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and tungsten bar prices in the Chinese market show signs of rise in early December 2022 despite of quiet market trading. The recent adjustment of domestic epidemic control measures has increased market trade opportunities, but the overall international economic pressure has not yet eased, and consumer market sentiment still needs to be repaired.

This week, China rare earth prices showed a slight upward trend overall. With the gradual increase of favorable factors in the market, sellers’ awareness of raising prices has increased compared with the previous week or two. However, due to the limited consumption capacity of downstream users, there is still a large room for market transactions to increase. 

China’s domestic molybdenum market showed a pattern of first stabilizing and then rising in the week ended on Friday December 9, 2022. At the beginning of the week, supported by tight supply of molybdenum raw materials and the acceptable price and quantity of steel tender, suppliers basically maintained firm quotations. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices edge higher on December 7, 2022 with the impact of the increase in new guide prices from listed tungsten companies. 

With the continuous development of science and technology such as welding, cutting and spraying technology, manufacturers have higher and higher requirements for tungsten electrodes, such as easy arc starting, stable arc column and long service life.

Analysis of latest tungsten market from Chinatungsten Online

The new guide prices from listed tungsten enterprises and tungsten association for the first half of December were raised, which shored up market confidence to some extent. 

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices increase slightly on December 7, 2022.

Molybdenum market quotation in China: molybdenum powder, oxide and concentrate prices are stable temperately on December 7, 2022 as the market is in a stalemate. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price was stable due to deadlocked supply and demand and cautious sentiment in the market. Mining enterprises and smelters are reluctant to sell their low-price resources while alloy and its downstream end users keep low buying appetite. Most insiders are waiting for the new guide prices from listed tungsten companies.