Analysis of latest tungsten market from Chinatungsten Online

In August 2023, Chinese tungsten price showed an overall trend of stability with a slightly upward movement. The main positive factors stem from the reluctance of suppliers to sell at lower prices, while intermediate manufacturers and traders show an increased inclination to explore price hikes driven by rising costs. 

Chinese rare earth price fluctuates within a reasonable range as a whole on August 31, 2023, mainly due to the recent increase in the price of rare earth raw materials and the slow follow-up of demand from downstream users. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain stable on August 30, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices stabilize at the end of August 2023 with limited conditions for exploring higher prices constrained from the demand side. 

China’s domestic rare earth market is gradually heating up at the end of August 2023, as various factors intersect between bullish and bearish trends, leading to an overall increase in supplier confidence to raise prices. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market continue to be stable because the market's wait-and-see sentiment is growing stronger as the end of the month approaches. 

The overall China molybdenum market is leaning towards weakness, as a result of the interplay between various bullish and bearish factors. Amidst this environment, the confidence of many suppliers in maintaining stable prices has slightly weakened. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained stable with limited updates in the market news. Supply and demand continued to maintain a stagnant situation, and short-term fluctuations in the market were unlikely, while enterprises and institutions awaited clearer pricing after the month changed.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued their steady upward trend in the week ended on Friday, August 25, 2023, primarily driven by the anticipations of price increases in the tungsten raw material market. 

Rare earth market quotation in China: DyFe, gadolinium oxide and erbium oxide prices increased slightly on August 28, 2023 mainly attributed to several factors: positive expectations for the rare earth market in the second half of the year and the relatively low inventory levels of raw materials for magnetic materials in current magnetic material companies.