China rare earth price showed a continuous downward trend in the week ended on Friday, July 08, 2022. Under the interweaving of many favorable and unfavorable factors, the market panic continued to spread, mainly reflected in the weak downstream demand, lack of confidence in suppliers to support prices, and most industry players are bearish about the market outlook.

China molybdenum price was weak in the week ended on Friday, July 08, 2022. Under the influence of factors such as low demand from downstream users and high price pressure sentiment, suppliers' quotations were generally lowered, and transactions were limited.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price mainly stabilized on the whole on July 6, 2022 as the new guide prices for the first half of this month are mixed and the market is still in a stalemate. 

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China Tungsten Online collates the import and export data of China's tungsten products published by General Administration of Customs of the People's Republic of China as follows:

According to the customs data collated through China Tungsten online survey, the import volume of molybdenum products in China from January to May 2022 totaled 12806.91 tons, a year-on-year decrease of 62.59%; The accumulated import amount was 1503621200 CNY, a year-on-year decrease of 38.62%.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) price declines slightly while ferro tungsten and tungsten powder prices remains unchanged on July 5, 2022. With the impact of the decline in new guide prices for the first half of July, market confidence was weakened to some extent and trading activity is low. 

China rare earth market is still tepid on July 6, 2022, which is mainly reflected in the low sentiment of traders entering the market, the weak price rise of mainstream products, the sparse actual trading volume, and the low probability of a significant improvement in the market conditions in the short term.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain weak adjustment on July 6, 2022 with participants keeping cautious sentiment in trading.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable as the relationship between supply and demand continues to be in a stalemate. Most raw material sellers keep taking watchful stance while downstream buyers are worried about the consumption off-season and the uncertainty of the external environment.