Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday, June 2, 2023 when the primary market is operating cautiously and steadily. The mining end has a strong rised mentality, and external offers have risen slightly because the supply of market resources is limited; buyers remain cautious, and the enthusiasm of merchants for active consumption is not high.

At the beginning of the week, Chinese rare earth prices showed a general downward trend, mainly due to the decrease in demand from downstream users. 

At the beginning of the week, China’s molybdenum powder, ammonium molybdate and ammonium heptamolvbdate prices keep stable mainly due to the relative balance between supply and demand in the current market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize in the first trading day of June 2023 when the willingness to trade in the market has not changed significantly. The holders seek to sales products, but there are few profit givers. 

China rare earth price rose first and then fell in the week ended on Friday, June 2, 2023.

China molybdenum market showed a stable and relatively strong pattern in the week ended on Friday, June 2, 2023, mainly due to the fact that the demand of downstream users is still good and the current market spot supply is tight. 

Analysis of latest tungsten market from Chinatungsten Online

In May 2023, China tungsten market generally showed a trend of sideways after a slight correction. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices are unchanged from the previous trading day on May 30, 2023 because most market participants are taking a watchful stance, waiting for the further instruction for the next month. 

The overall situation of China’s domestic rare earth market has gradually improved on May 31, 2023, which is mainly reflected in the rising price of light rare earths. The price of heavy rare earths is stable and relatively strong, and the price of NdFeB roughs is firm.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain unchanged in the last trading day in May 2023.