The overall Chinese rare earth market has improved slightly on May 10, 2023, mainly reflected in the tentative rise in the prices of many rare earth raw materials.

The overall domestic molybdenum market presents a stable and weak pattern on May 10, 2023. Affected by the weakening support of favorable factors, the confidence of many suppliers in stabilizing prices is slightly insufficient. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes overall when there are certain pressures in all links of the industrial chain, mainly due to the relative weakening of demand in the downstream terminal market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price keeps firm after the holiday of Labour Day because the new guide prices from listed tungsten enterprises for the first half of this month were raised as expected. 

China rare earth price has not changed significantly on May 8, 2023. In the case of an oversupply of on-site spot goods, traders are not in a good mood to enter the market and basically focus on rigid demand transactions. 

At the beginning of the week, the overall domestic molybdenum market was quiet. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on May 5, 2023 mainly due to the strong rised mentality of tungsten raw material suppliers as well as the expected increase of long-term contract prices for the first half of May 2023. 

China’s domestic rare earth market maintains a weak and stable operation on May 6, 2023. Under the interweaving of many positive and negative factors, the negotiation atmosphere between buyers and sellers is slightly stalemate.

China’s ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices are relatively weak on May 6, 2023 mainly due to the general enthusiasm of downstream users to enter the market for inquiries and purchases, the rational shipment of suppliers, and the sideways operation of the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price stabilizes in the first trading day after the holiday of Labor Day and most market participants are waiting for the new guidance from listed tungsten companies.