Molybdenum market on July 24, 2023: At the beginning of the week, Chinese overall molybdenum price keeps firm mainly reflected in the acceptable downstream demand and the slight increase in the price of molybdenum raw materials. 

This week, China rare earth market shows a pattern of having price but no market. From the price point of view, supported by the slight increase in downstream inquiries and the strengthening of production cost support recently, the quotations of the holders have increased.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to be weak on July 20, 2023 when the release of resources from mines and smelters is relatively cautious. The overall supply the market is tight, however, the consumption at the alloy end is relatively sluggish. 

China molybdenum price was relatively strong in the week ended on Friday, July 21, 2023. Under the situation that raw material manufacturers are reluctant to sell and raise prices and the downstream demand is acceptable, the trading activity in the market is relatively high, and the price of molybdenum raw materials has risen slightly.