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.

Chinese molybdenum price has generally maintained a sideways consolidation trend on October 7, 2023 after the holiday of National Day. This is primarily attributed to the fluctuating international molybdenum prices during the National Day holiday period and the fact that domestic traders have not yet returned to their normal trading activities on the first day after the holiday. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to stable as the double holidays approach, with market trading becoming quieter.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain stable in the second half of September 2023 as market participants adopt a watchful stance before the upcoming holiday season. 

The domestic Chinese rare earth market is relatively stable, with a balanced supply and demand situation onn September 27, 2023. Prices for light and heavy rare earth raw materials, neodymium iron boron (NdFeB) semi-finished products, and their waste materials are running steadily, with few new orders. 

The overall domestic molybdenum prices continue to remain in a downward trend. This is mainly attributed to the weakening of market-supporting factors and the increasing negative factors, leading to a decline in the confidence of suppliers to maintain stable prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained relatively stable, with the market showing mixed sentiments and a predominant supply-demand dynamic. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has generally shown a stable to slightly weaker trend in the week ended on Friday, September 22, 2023, primarily due to the lower-than-expected demand in the market, affecting the confidence of market participants and putting pressure on negotiations.