Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues its stability after the holiday of Mid-Autumn Festival as the market outlook remains uncertain. On the one hand, sellers are reluctant to cut profits given the pressure of high costs; on the other hand, due to weak demand, purchasers mainly take a watchful stance. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, September 09, 2022 as the whole market was in a stalemate before the Mid-Autumn Festival. 

Rare earth market quotation in China: praseodymium neodymium oxide and metal prices rose slightly while other products remained stable after the holiday of Mid-autumn Festival.

China molybdenum price continued the positive trend of last week after the holiday of Mid-Autumn Festival. 

Tungsten is the most widely used refractory metal with up to 3410℃ melting point. It also has good electrical and thermal conductivity under the conditions of low thermal expansion, low vapor pressure and high temperature, so tungsten is widely used to make filaments of various incandescent lamps and tungsten halogen lamps and electrodes of gas discharge lamps.

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices continue to remain stable on September 8, 2022 as trading activity is low with the approaching of Mid-Autumn Festival. 

China rare earth price declined at the beginning of the week and then increased near the weekend. At the beginning of the week, due to the lack of downstream demand and the slow growth of the global economy, the price focus of many rare earth products moved down slightly; affected by the rising awareness of profit, the prices of mainstream products stopped falling and rebounded.

China molybdenum price moved up slightly in the week end on Friday, September 09, 2022 mainly due to the tight spot supply of molybdenum raw materials and the rise in prices and quantity of steel tenders. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day. Although some state-owned enterprises raised their new offers, insiders are still worried about the demand. 

Analysis of latest tungsten market from Chinatungsten Online

The new guide prices for the first half of September from tungsten enterprises and association were mixed, indicating cautious sentiment of most market participants.