At the beginning of the week, China’s praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices remained weak adjustment mainly affected by the increase of market supply. 

At the beginning of the week, the overall Chinese molybdenum market was still not good, mainly reflected in the decline in the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide to a certain extent. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to trade sideways on April 13, 2023, mainly due to the lack of buying interest of downstream terminal. Th whole market is also quiet given the continued sluggish trading performance as well as the lack of support from the cost side, the risk in the macro environment, and the poor sentiment of market participants. 

China rare earth price kept falling in the week ended on Friday April 14, 2023. With the rapid growth of rare earth raw material spot inventory, the buyer’s market has a relatively large advantage, which has led to the decline in rare earth raw materials such as praseodymium, neodymium, terbium, gadolinium, dysprosium and their permanent magnets. Material prices have been falling, and the buying and selling atmosphere in the market is low.

China molybdenum price showed a downward trend in the week ended on Friday April 14, 2023 mainly due to the slightly increased supply of molybdenum raw materials, the strong sentiment of downstream users to suppress prices, the lack of confidence of suppliers in stabilizing prices, and the unstoppable drop in overseas molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day affected by the continued quiet market and low trading activity of the market participants. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remained weak adjustment due to poor demand as well as the sufficient supply of raw materials. 

The overall decline in the Chinese rare earth market is mainly due to the imbalance between the supply and demand of rare earth raw materials, that is, the limited consumption capacity of downstream users. 

The overall situation of the Chinese molybdenum market is not good, which is mainly reflected in the low sentiment of traders entering the market, the obvious decline in the price of molybdenum products, and the small actual transaction volume.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained stable mainly due to the continued weak market with rare deals concluded. It will still take time for the market economy and consumption to fully recover from partial recovery.