China Tungsten Price Is Weak on the Decline in Long-term Contract Prices for Early November 2023

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Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains under pressure, with downward adjustments in quotes from institutions and large enterprises. The international situation and export environment show fluctuations and pressure, so the market maintains a weak and stable tone until favorable news on new demand and policies enter the market.

Read more: China Tungsten Price Is Weak on the Decline in Long-term Contract Prices for Early November 2023

China’s Ganzhou Tungsten Association Declined Average Tungsten Forecast Prices for November 2023

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Analysis of latest tungsten market from Chinatungsten Online

A new round of guidance prices by GTA and large tungsten enterprises has shifted downward, reflecting the current relatively sluggish situation in the tungsten market. 

Read more: China’s Ganzhou Tungsten Association Declined Average Tungsten Forecast Prices for November 2023

International Molybdenum Prices - November 8, 2023

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Chinese molybdenum market is relatively favorable on November 8, 2023. This is primarily due to the continuous rise in international molybdenum prices, the increase in steel mill bidding prices, and the strong willingness of molybdenum mining companies to withhold sales.

Read more: International Molybdenum Prices - November 8, 2023

Chinese Rare Earth Prices - November 8, 2023

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Chinese rare earth prices are currently experiencing narrow-range fluctuations on November 8, 2023. This is mainly attributed to a reduction in the enthusiasm of downstream users for consumption after the "Golden September and Silver October" period ended. 

Read more: Chinese Rare Earth Prices - November 8, 2023

China Tungsten Price Continued to Stabilize on Quiet Market

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Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to stabilize, with no significant updates on market news. 

Read more: China Tungsten Price Continued to Stabilize on Quiet Market

 

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