Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices continue to rise and APT price breaks through $312.9/mtu on April 27, 2023 mainly due to the strong rised mentality of tungsten raw material suppliers as well as the external speculation.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is in the upward trend at the end of April 2023 affected by the rised mentality of raw material suppliers, although the trading activity in the market remains low. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on April 25, 2023 mainly due to the tightening supply of raw materials as well as the strong rised mentality of suppliers. 

China rare earth market is still not good on April 26, 2023, mainly reflected in the decline in the prices of praseodymium, neodymium, dysprosium, terbium and NdFeB to varying degrees, and the actual transaction volume is lower than expected. This is mainly due to the fact that the weak downstream demand is difficult to improve and the recent market spot volume has not decreased significantly.

China’s sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices move up significantly, mainly due to the simultaneous rise in steel bidding prices, which has prompted suppliers to raise prices and speculate strongly. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable because purchasers are not active in trading and sellers are not willing to cut their profits for more sales. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable on April 23, 2023 as the whole market keeps quiet with the approaching of the holiday of the Labour Day. 

China’s rare earth prices are generally arranged within a narrow range and fluctuate slightly on April 24, 2023. Under the interweaving of negative and positive factors, the price of praseodymium and neodymium showed a slight downward trend, while the price of dysprosium and terbium rose slightly, and the price of NdFeB rough and its waste remained weak and stable.

Chinese molybdenum market maintains a relatively strong operation at the beginning of the week. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has been raised across the board in the week ended on Friday April 21, 2023 as large tungsten enterprises increased their long-term contract prices for the second half of April, releasing positive signals to the market.