At the beginning of the week, China’s domestic molybdenum market was still weak. The price of sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices decline slightly. 

This week, China rare earth market showed a downward trend. Affected by the imbalance between supply and demand at the beginning of the week, the prices of rare earth raw materials such as praseodymium, neodymium, dysprosium, terbium, and gadolinium dropped sharply. However, near the weekend, supported by production costs, the prices of praseodymium and neodymium products rebounded.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten carbide powder prices in the Chinese market continue to keep stable on February 23, 2023. Although the short-term market performance is relatively flat, the holders generally insist on bullishness.

This week, China’s domestic molybdenum price was weak but still maintained a high level. With the support ability of favorable factors gradually weakening, the upward adjustment of suppliers’ quotations was obviously hindered, and the prices of some products dropped slightly.