Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, tungsten prices remained stable, with no recent market updates. As the end of the month approaches, there is a growing sense of caution and a lack of trading activity in the market. Market participants are awaiting clear long-term contract prices from major tungsten enterprises for early November 2023. 

At the beginning of the week, some domestic rare earth prices in China remained stable, with a few experiencing minor declines. The interplay of various factors affecting both the bullish and bearish sentiments has led to a somewhat stagnant atmosphere in negotiations between buyers and sellers, consequently slowing down the order growth.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have remained weak adjustment in the week ended on Friday, October 27, 2023, with relatively quiet market trading and a lack of positive news.

At the beginning of the week, domestic molybdenum prices in China continued the overall downward trend observed last week. This is mainly attributed to the strong pricing pressure from steel companies, the ongoing decline in international molybdenum prices, and the relatively rapid capacity release by mining companies.