Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to exhibit a stable trend amid the ongoing stalemate in the supply and demand sides. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices bottomed out tentatively on November 21, 2023, with transactions pending to be released. 

Rare earth market quotation in China: lanthanum oxide, gadolinium oxide and praseodymium neodymium metal prices decline slightly on November 22, 2023. 

The overall situation in the domestic molybdenum market remains relatively weak, influenced by the ongoing issue of supply-demand imbalance. Buyers hold a significant advantage in the market, and some suppliers are voluntarily lowering prices to secure more orders. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintained a stable trend. With the market digesting some bearish sentiment, the stability-oriented attitude led by the mining side strengthened. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the week ended on Friday, November 17, 2023, with weak tone in downstream terminal consumption. The market's trading performance is stagnant, but thanks to strong support from the mining side, there is less willingness to offer discounts.

At the beginning of the week, Chinese rare earth market remained relatively weak. Influenced by the difficulty in downstream demand recovery and the willingness of many raw material suppliers to exchange volume for price, most industry participants exhibited a somewhat insufficient confidence in the future, primarily adopting a cautious wait-and-see approach. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continued to decline at the beginning of the week. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to remain stable, with clear support from the mining sector and a lack of significant recovery in the alloy sector. The overall market atmosphere is characterized by cautious trading and stagnant transaction volume and prices, with primary circulation being driven by essential needs.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market are unchanged from the previous trading day on November 15, 2023 as the market trading sentiment is mediocre, with a tug-of-war situation in buying and selling.