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. 

Molybdenum Market on August 21, 2023

At the beginning of the week, China’s domestic molybdenum market is generally experiencing pressure at high levels. The impact of low enthusiasm from downstream users for inquiries and purchases, combined with the continuous decline in international molybdenum prices, has led to a decrease in the stable pricing confidence of many suppliers. 

Analysis of latest tungsten market from Chinatungsten Online

The recent Chinese tungsten price has remained stable, as major tungsten enterprises' upward adjustments in long-term contract prices have boosted market confidence, resulting in robust offers from traders. 

China rare earth price has generally consolidated within a narrow range in the week ended on Friday August 18, 2023. Under the influence of various uncertainties, the trends in light and heavy rare earth raw materials, as well as rare earth permanent magnetic materials, have shown slight differences.

China molybdenum market has shown an overall high-level oscillation trend in the week ended on Friday August 18, 2023. Due to reduced downstream demand and the continuous decline in international molybdenum oxide and European ferromolybdenum prices, many raw material suppliers have shown an increased willingness to lower prices and make shipments. 

Analysis of latest tungsten market from Chinatungsten Online

The overall tungsten price in the Chinese market is in the upward trend in the middle of August 2023. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes because the market keeps unchanged compared from last week. Now market participants mainly take a watchful stance. 

Rare earth market quotation in China: erbium oxide price edges higher while other rare earth products such as lanthanum oxide and europium oxide prices keep stable on August 16, 2023 with relative stable trader sentiment and volumes in the market. 

The overall Chinese molybdenum market presents a pattern of consolidation at a high level, which is a normal phenomenon after the price of molybdenum has risen sharply in a short period of time. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on August 15, 2023 with the increase in the new guide prices from listed tungsten enterprises for the second half of this month.