Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability with the support of rised mentality of raw material manufacturers, but downstream buyers remain cautious sentiment before the holiday of Spring Festival. 

Tungsten needle is a kind of tungsten rod with sharp ends. Usually, it is made of high-density tungsten metal so that it can be widely used in many fields. For its production, it adopts powder metallurgy, but this method is not enough when very sharp tips are required. 

Diamond wire saw, also known as diamond wire, refers to a cutting wire that fixes diamond abrasives on metal wires by electroplating or resin bonding. It is mainly used to cut high-hard and brittle materials such as single crystal silicon, polycrystalline silicon, sapphire, magnetic materials, and hard alloys, etc.

Heat shields, heating elements and vacuum furnace supports are made of tungsten foil. The foil is thin and is ideal for embedding in laminates, other metals and glass; it is made of mental tungsten and can be used in high temperature vacuum furnaces, coatings, electronic and semiconductor components.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the first trading week of the year 2023. 

At the beginning of the week, China rare earth market generally maintained a stable operation. With the rare earth raw material spot inventory not much and the downstream demand not improving significantly, the negotiation atmosphere between buyers and sellers was slightly deadlocked.

At the beginning of the week, the domestic molybdenum market as a whole continued the rised trend last week. Before the Spring Festival holiday, downstream users generally had a high willingness to receive goods. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices are unchanged from the previous trading day with the impact of the anxiety of COVID-19. Most market participants keep cautious, waiting for the new guide prices from listed tungsten companies. 

Rare earth market quotation in China: terbium oxide price declines slightly while praseodymium neodymium oxide and metal prices edge higher on January 6, 2023. 

This week, the overall domestic molybdenum market showed a steady rise, mainly due to the unabated support of favorable factors, prompting suppliers generally to hold strong confidence in raising prices. In general, under the situation that the prices of most molybdenum products hit new highs and the downstream demand increased, the market performed well.