Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained weak adjustment as most market participants took a watchful stance and spot trading activity was low. 

At the beginning of the week, the overall focus of domestic rare earth prices still fell slightly, mainly due to the lower-than-expected consumption capacity of downstream users, the slightly looser spot supply of rare earth raw materials, the high level of panic among traders, and the slow growth of the global economy. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in early September after a slight decline in the second half of August with the support of the cost side. As the demand continued its weakness, the market is expected to stabilize before the holiday of Mid-Autumn Festival. 

At the beginning of the week, China molybdenum price remains unchanged when the whole market is quiet. In the case of low downstream demand and low spot inventory of molybdenum raw materials, suppliers basically maintained firm quotations.