Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, October 28, 2022 as both supply and demand sides are under pressure. With the decrease in tungsten raw material product profits, sellers are not willing to reduce their offers. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China stabilizes temporarily with the gradually recovery in the demand market that are disturbed by the spread of the epidemic in many places in China and the pressure of global economic recession. 

This week, the overall performance of the domestic rare earth market was uncertain. At the beginning of the week, the price of rare earth raw materials rose tentatively due to the slight increase in the enthusiasm of downstream users to purchase inquiries; and near the weekend, due to the slow follow-up of downstream demand, the price of rare earth fell again. 

This week, the domestic molybdenum market as a whole showed a pattern of first stabilization and then decline. With the gradual exhaustion of favorable factors, the consumer market gradually shifted from a seller's market to a buyer's market, mainly reflected in the decline in the prices of many molybdenum chemical products and the slow growth of orders. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices are unchanged from the previous trading day due to low trading activity in the market. The weakness in the demand side is forcing raw material manufacturers to reduce their offers.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market continues to be quiet on October 25, 2022 because the demand does not improve and market trading is under pressure. 

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium neodymium oxide prices edge higher on October 26, 2022 mainly due to the slight improvement in downstream user demand and the limited increase in the supply of raw materials. However, due to the negative atmosphere in the market, many industry players still lack confidence in the market outlook.

Molybdenum market quotation in China: ferro molybdenum price declines slightly while molybdenum powder and oxide prices remain unchanged on October 26, 2022. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China’s ammonium paratungstate (APT) and tungsten powder prices continue to be weak as the market still faces many instabilities both at home and abroad. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, October 21, 2022 because the consumer market kept quiet and long-term contract prices from listed tungsten companies also declined accordingly.