Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are stable temporally as the the severe situation of the current epidemic continues to impact the demand market and the economic recovery process. 

This week, China rare earth market maintained a relatively strong operation, mainly due to the increase in inquiries from downstream users and the rising awareness of suppliers' profitability. The price of dysprosium and terbium fluctuated within a narrow range. In addition, some industry players lack confidence in the good operation of the market outlook.

This week, the overall performance of the domestic molybdenum market is good, mainly reflected in the acceptable downstream demand, recorded high molybdenum prices, suppliers’ strong quotation confidence and high awareness of profit taking, etc. Worries have also increased, and it is believed that the market may maintain smooth operation in the future.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment overall in November 2022. In the first half of this month, product prices declined affected by weak demand; but with the decline in the operating rate of raw material factories and squeezed product profits, market prices gradually stabilized in the second half of this month. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day mainly due to cautious trading sentiment of market participants. 

China rare earth prices are generally arranged within a narrow range on November 30, 2022. Affected by many uncertain factors, the market trends of light and heavy rare earths are slightly different, that is, the light rare earth market is stable and strong, and the heavy rare earth market is weak.

The overall domestic molybdenum market performed well. Under the contradiction between the small stock of molybdenum raw materials and the strong demand of downstream users, suppliers generally hold a strong bullish sentiment and the quotations continue to rise。 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes affected by repeated COVID-19 in many places of China. In addition, the global high inflation pressure and the global tight currency situation caused by the rapid rise of the US dollar have led to a relatively sluggish global economic outlook, further increasing the pressure on overseas consumer markets.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price edged higher in the week ended on Friday November 25, 2022 affected by the increase in new guide prices for the second half of this month as well as relative active trading.

At the beginning of the week, China’s domestic rare earth prices fluctuated in a narrow range as a whole. Under the influence of many uncertain factors, the market trend of light and heavy rare earths was slightly different, that is, the light rare earth market was stable and relatively strong, while the heavy rare earth market was operating flat.