Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, August 11, 2023 with the support of the raw material market as well as the increase in new guide prices for the first half of this month. 

At the beginning of the week, China’s domestic molybdenum market as a whole maintained a high and stable operation. 

At the beginning of the week, China’s domestic rare earth market as a whole showed a situation of having price but no market. With the strong support of production costs, the reduction in output of some rare earth manufacturers and the good development of the new energy industry, suppliers generally maintained firm quotations. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten carbide powder prices in the Chinese market remains stable on August 10, 2023 but raw material manufacturers have strong rised mentality despite the demand side remains sluggish.