At the beginning of the week, China rare earth prices were partially stable, and some rose slightly, mainly due to the fact that downstream users basically maintained rigid demand purchases and suppliers had a strong sense of price stand-up. 

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. 

At the beginning of the week, China molybdenum prices fluctuated in a narrow range, mainly due to the general demand of downstream users and the low willingness of suppliers to make price concessions. 

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.