Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain stable because the post-holiday market demand has been mediocre, coupled with the lackluster feedback from institutions and large tungsten enterprises regarding their pricing, resulting in a lack of overall market momentum. 

Rare earth market quotation in China: terbium oxide and dysprosium oxide prices decline slightly while praseodymium oxide price keeps stable on October 11, 2023. 

China’s domestic molybdenum market continues to show a downward trend on October 11, 2023. In addition to the accelerated decline in international molybdenum oxide and European ferromolybdenum prices, as well as poor performance in the steel procurement market, a major reason for the declining confidence of many holders is the price reduction by the large molybdenum mine, Yichun Luming.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price shows weakness, with bearish sentiments primarily driven by sluggish demand from the demand side, and post-holiday restocking expectations not yet fully realized. 

Analysis of latest tungsten market from Chinatungsten Online

The latest round of quotations from China’s major tungsten enterprises has been released, reflecting a slightly weaker tone amid a stable market, indicating a stalemate in the market. 

Market Trends in the Chinese Rare Earth Market on October 9, 2023

At the beginning of the week, the domestic rare earth market in China remained stable overall.

Market Trends in the Chinese Molybdenum Market on October 9, 2023

At the beginning of the week, the domestic molybdenum market in China continued its relatively weak performance, as the sentiments of both buyers and sellers remained subdued following the end of the National Day holiday.

Analysis of latest tungsten market from Chinatungsten Online

Macro Overview of the Tungsten, Molybdenum, and Rare Earth Market During the Mid-Autumn Festival and National Day:

Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten market has shown a trend of volatility and consolidation in prices in the first three quarters of 2023. The overall tungsten price has shifted upward, but the adjustment range has been limited. This is mainly due to an ongoing tug-of-war between market cost factors and supply and demand dynamics.

The Chinese rare earth market has continued its stable operation since the holiday period, mainly due to the fact that many traders have not yet resumed normal trading activities on the first day after the holiday, and there has been a slowdown in logistics transportation due to the return peak of travelers in the past two days.