Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China seems ‘cool’ compared with the scorching summer. On the supply side, miners are unwilling to sell at a lower price as the supply is relatively tight, and intermediate manufacturers want to avoid risks and reduce operating rates.

Rare earth market quotation in China: praseodymium oxide, neodymium oxide, holmium oxide and dysprosium oxide prices decline slightly on July 12, 2023 mainly due to weak market demand, increased production of some raw materials, and lack of confidence in suppliers' price stability. 

Molybdenum market quotation in China: ferro molybdenum and molybdenum oxide prices edge lower and the prices of other molybdenum products remain stable on July 12, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in the Chinese market remains weak at the beginning of the week on low trading activity of both buyers and sellers as well as the poor external trading environment. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was weak overall in the week ended on Friday, July 7, 2023 affected by sluggish demand of downstream terminals, the downward price guidance of institutions and large enterprises as well as the influence of high temperature, flood weather and weak recovery of the economic environment. 

Rare earth market quotation in China: terbium oxide, holmium oxide and dysprosium oxide prices edge lower on July 10, 2023 under the influence of many uncertain factors.

At the beginning of the week, China molybdenum market generally maintained stable mainly due to the general enthusiasm of downstream users to enter the market for inquiries and purchases and the generally strong confidence of suppliers to stand up prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to be under pressure.

China rare earth price showed a downward trend in the week ended on Friday, July 7, 2023. Under the influence of weak supply and demand, the trading activity in the market was low and many industry players lacked confidence in the market outlook. In this situation, in order to alleviate the shortage of working capital, the quotations of suppliers were basically lowered.

China molybdenum price showed a pattern of first decline and then rise in the week ended on Friday, July 7, 2023. At the beginning of the week, due to the slowdown in the purchase speed of downstream users at the end of last month, the slight drop in international molybdenum prices, and the high level of molybdenum prices at that time, suppliers’ quotations were basically declined.