The overall situation in the domestic molybdenum market remains relatively weak, influenced by the ongoing issue of supply-demand imbalance. Buyers hold a significant advantage in the market, and some suppliers are voluntarily lowering prices to secure more orders. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the week ended on Friday, November 17, 2023, with weak tone in downstream terminal consumption. The market's trading performance is stagnant, but thanks to strong support from the mining side, there is less willingness to offer discounts.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintained a stable trend. With the market digesting some bearish sentiment, the stability-oriented attitude led by the mining side strengthened. 

At the beginning of the week, Chinese rare earth market remained relatively weak. Influenced by the difficulty in downstream demand recovery and the willingness of many raw material suppliers to exchange volume for price, most industry participants exhibited a somewhat insufficient confidence in the future, primarily adopting a cautious wait-and-see approach.