Under stricter Chinese environmental protection policy, the supply of raw materials is expected by insiders to be tight and operating rate of smelting factories would be affected. Besides, centralized tender of steel mills is likely to increase trading activity. So molybdenum prices have showed good momentum recently. But the recent decline in international molybdenum prices may increase risks at high prices.

Analysis of latest tungsten market from China Tungsten Online

At the beginning of the week, China tungsten price was temporarily stabilized, and the market was concerned about the upcoming price guidance for the large-scale tungsten enterprises in the second half of the month. At present, the mentality of buyers and sellers in the tungsten industry chain still shows differences. The raw material price is strong, which drives the middle manufacturers to quotation higher. 

The artisan rings company has recently acquired and released a new line of unique black tungsten carbide rings , intended as wedding or engagement bands for men. The new black tungsten collection sold by the artisan rings is made from tough tungsten carbide, an extremely durable and scratch-resistant composite, meaning the wearer doesn't need to worry about their precious wedding band losing its finish over time. The tungsten carbide rings offer a unique take on traditional bands, and if a couple wants a matching set, the company stocks coordinating sets fit for the bride as well.

China rare earth price continues to be stable on continuous deadlocked supply and demand in the market. The operating rate of downstream factories lowers while customers remain low buying interests. Therefore, the whole trading is thin. Besides, insiders have different attitudes towards market outlook, considering unclear policy of purchasing and storage. In the short term, rare earth price will be in a stalemate.