Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week ended on Friday December 23, 2022 after a steady increase early in this month. The last long-term contract prices were raised, which shored up market confidence, despite market trading was not active as expected. 

At the beginning of the week, China rare earth price generally continued to pick up slightly mainly due to the low supply of some rare earth raw materials and the support of production costs. Industry players still lack confidence in the market outlook. 

At the beginning of the week, China’s domestic molybdenum market as a whole continued to run stably at a high level last week. The prices of molybdenum concentrate, oxide and powder prices maintain stability. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices maintain stability as market participants are concerned about the upcoming peak of the epidemic with the approaching of New Year's Day and the Spring Festival holidays. 

This week, China rare earth market showed a pattern of rising first and then stabilizing. At the beginning of the week, supported by factors such as low spot inventory in the market, increased inquiries from downstream users, and the rapid development of emerging industries, suppliers generally raised their quotations slightly. 

China molybdenum market maintained a relatively strong operation in the week ended on Friday December 23, 2022. At the beginning of the week, with the support of factors such as tight spot supply of molybdenum raw materials, acceptable demand from downstream users, and the need to narrow the gap between domestic and foreign molybdenum prices, suppliers basically raised their quotations. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices continue steady upward trend on December 21. 2022 with listed tungsten companies raised their last round of guide prices for the second half of this month. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT) and tungsten powder prices edge higher on December 20, 2022 with the support of strong rised mentality of raw material suppliers as well as the increase in new guide prices for the second half of this month. 

Rare earth market quotation in China: dysprosium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices edge higher on December 21, 2022.

China molybdenum price continues to hit record high on December 21, 2022, and with the weaker confidence of suppliers, the increase pace slows down. The current prices of molybdenum concentrate, ferromolybdenum and sodium molybdate are consolidating at 3,940 yuan/mtu and 268,000 yuan/ton and 175,000 yuan/ton, respectively.