Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to decline in the middle of June, 2022. Recently, consumer coupons have been issued in many places, including 3C products and auto subsidies, which have boosted the vitality of the consumer market. It also coincides with the 618 online shopping festival and the overall consumption activity in the domestic market has increased. 

China rare earth market was tepid in the week ended on Friday June 17, 2022. Due to the current weak market supply and demand, traders are not very motivated to trade, so it is difficult to update rare earth prices and transactions are slow. Currently, the prices of praseodymium neodymium oxide and terbium oxide are about 955,000 yuan/ton and 14,500 yuan/kg, respectively.

China molybdenum price was in the upward trend in the week ended on Friday June 17, 2022, which is mainly reflected in the generally high sentiment of traders entering the market and the increase in transaction volume. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day on June 15, 2022 as the whole market continues to be weak. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices remain weak adjustment on June 14, 2022 as the whole market is still under pressure and there are many uncertainties on the macro side. 

Rare earth market quotation in China: lanthanum oxide, neodymium oxide and praseodymium oxide prices are unchanged from the previous trading day on June 15, 2022. 

China molybdenum market is relatively strong on June 15, 2022 as a whole. With the tight spot supply of molybdenum raw materials and the rising price of steel tenders, most suppliers are reluctant to sell and would like to raise prices.

Fireweed Zinc Ltd. has entered into a $15 million deal to acquire the Mactung tungsten project adjacent to its flagship Macmillan Pass zinc-lead-silver project in Yukon Territory, northern Canada.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable amid a quiet overseas market and the availability of cheaper domestic materials. Most participants took a watchful stance, waiting for the next move in the market. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept weak adjustment in the week ended on Friday, June 10, 2022 mainly affected by the slow recovery in the demand side as well as the decline in new guide prices from state-owned tungsten companies.