Analysis of latest tungsten market from Chinatungsten Online

The prices of ammonium metatungstate (APT) and tungsten carbide powder stabilize on December 14, 2022 as the consumption failed to meet market expectation.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is in the upward trend in the middle of December mainly driven by rised mentality of raw material manufacturers, the stock-up expectations at the end of the year, the increase in long-term contract prices from large companies, and the emergence of a new turning point for domestic epidemic prevention and control. 

China rare earth price is in a stalemate on December 14, 2022 mainly due to weak supply and demand. In the case of small stocks of some rare earth raw materials and supported by production costs, suppliers are generally less willing to cut prices, coupled with low downstream demand, the market is less active.

China molybdenum price rose sharply in the middle of December 2022 with the increasing number of favorable factors. The prices of most molybdenum products have hit new highs in the past ten years.

Tungsten oxide (WO₃) and its derivatives hold various applications in different fields. WO₃ also known as tungsten trioxide or tungstic anhydride, is a chemical compound containing oxygen and the transition metal tungsten. It is obtained as an intermediate in the recovery of tungsten from minerals.

In the last decade, nanostructured transition metal oxides (TMOs) have attracted a lot of attention due to their unique chemical and physical properties. Tungsten oxide (WO3-∂) represents an attractive material for flat panel devices, smart windows, anti-glare mirrors, as well as in the nanotechnology etc. In particular, W₁₈O₄₉ has been explored for many applications, such as gas sensors, photocatalysis, and catalysis of electrochemical processes.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price is temporarily stable, and the confidence in the raw material side is relatively strong. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday December 9, 2022 mainly due to the increase in long-term contract prices from listed tungsten companies as well as increased stocking up of downstream with the end of the year. 

At the beginning of the week, China rare earth market showed a pattern of ups and downs as a whole. Under the joint influence of many positive and negative factors, light and heavy rare earth traders have different attitudes, that is, light rare earth suppliers lack confidence in price stability, and heavy rare earth suppliers are reluctant to sell.

At the beginning of the week, China molybdenum price continues to rise sharply due in part to the tightening availability of raw materials in the market as well as active trading.