China’s domestic molybdenum market is maintaining a generally high and strong operation on August 23, 2023. As positive factors gradually increase, many raw material suppliers have once again raised their quotations. However, due to the continuing presence of bearish factors in the market, the price increase is relatively modest.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, August 18, 2023 despite limited progress in market demand. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price held steady, with the market trading atmosphere remaining cautious and primarily driven by on-demand transactions. 

At the beginning of the week, China rare earth prices have seen a slight upward shift in overall focus. This is mainly attributed to restricted production from certain rare earth manufacturers, positive developments in emerging industries, and relatively low raw material inventories for magnet material companies.