At the beginning of the week, China’s molybdenum powder, ammonium molybdate and ammonium heptamolvbdate prices keep stable mainly due to the relative balance between supply and demand in the current market. 

China rare earth price rose first and then fell in the week ended on Friday, June 2, 2023.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize in the first trading day of June 2023 when the willingness to trade in the market has not changed significantly. The holders seek to sales products, but there are few profit givers. 

China molybdenum market showed a stable and relatively strong pattern in the week ended on Friday, June 2, 2023, mainly due to the fact that the demand of downstream users is still good and the current market spot supply is tight.