Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price is strong with the impact of the increase in new guide prices from state-owned companies and tungsten association. The rise was beneficial from high costs and eased stock pressure. 

What do you know about tungsten copper foils, strips, sheets, plates, or blocks? What are their differences?  

Tungsten filament, also named tungsten heater, tungsten filament coil or tungsten cathode, is made of tungsten material and formed by single tungsten wire or multiple strands according to the specific requirements of the available samples or drawings. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, August 05, 2022 when the confidence of sellers was boosted despite of continued weak demand. 

Rare earth market quotation in China: europium oxide, lanthanum oxide and cerium oxide prices maintain stability on August 8, 2022. After the price of mainstream products fell sharply in the past few weeks, it has forced rare earth suppliers to increase their awareness of profitability, so the decline in the price of rare earth raw materials has narrowed slightly recently. 

At the beginning of the week, China’s ferro molybdenum, molybdenum oxide and concentrate prices remain stable on the whole. Although the price reduction of many molybdenum suppliers narrowed as the price of raw materials gradually approached the cost line, it was still difficult to stabilize the price of molybdenum products, mainly due to the negative factors still exist.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day on deadlocked supply and demand in the market. Raw material manufacturers have rised mentality, giving support to the market, but the demand side follows up cautiously, limiting the price increase and market trading. 

China rare earth price showed a continuous overcast pattern in the week ended on Friday, August 05, 2022. The prices of praseodymium neodymium oxide and praseodymium neodymium metal dropped from 830,000 yuan/ton and 990,000 yuan/ton to 760,000 yuan/ton and 940,000 yuan/ton, respectively.

China molybdenum price was in the downward trend in the week ended on Friday, August 05, 2022. With the gradual increase of negative factors, the buyer's market has a greater advantage, which is mainly reflected in the lack of confidence in suppliers to stabilize prices, slow growth in orders and most industry players are bearish on the market outlook. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices continue to increase on August 3, 2022 supported by market confidence, relatively tight supply of raw materials despite of continued weak demand.