Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market continue to remain stable on October 18, 2023 due to lukewarm sentiment of market participants. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day as there is no significant development on the demand side, combined with an uncertain global environment. 

The domestic Chinese rare earth market continues to display a situation where there is value but limited trading activity on October 18, 2023. 

Chinese molybdenum market continues to show an overall downward trend on October 18, 2023, mainly due to strong price pressure from steel companies and the continuous decline in international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to be weak with a lack of proactive buying and selling sentiment in the market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, October 13, 2023. There are several factors contributing to this trend as following: 

At the beginning of the week, China rare earth prices remained relatively stable in some areas, with occasional minor declines. Specifically, the price of neodymium praseodymium oxide fell by about 1,000 CNY per ton, the price of dysprosium oxide dropped by around 10,000 CNY per ton, and dysprosium iron alloy prices decreased by approximately 20,000 CNY per ton. 

At the beginning of the week, China molybdenum market remained weak, with a variety of uncertainties affecting pricing behaviors among traders, leading to a certain level of price confusion. Some traders were holding strong price expectations, while others were willing to trade price for quantity. Against this backdrop, actual transaction volumes remained relatively low.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain stable on October 12, 2023 with no significant changes in market supply and demand dynamics. 

After the National Day holiday, Chinese rare earth prices have shown a pattern of first rising, then declining, and stabilizing again.