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. 

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.

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

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.