Analysis of latest tungsten market from Chinatungsten Online

China tungsten price keeps firm on August 23, 2023 with stable support from the raw material side. However, spot transactions are relatively sluggish, attributed to the relatively weak demand and the need for a certain acceptance response cycle for market sentiment to catch up.

The Chinese rare earth market is overall maintaining a stable and slightly strong operation on August 23, 2023. Amid the interplay of multiple factors, the advantage of sellers has strengthened compared to the previous period. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are maintaining a stable and robust trend, with significant upward adjustments in long-term contract prices for tungsten raw materials by major tungsten enterprises in the second half of August 2023, creating an atmosphere of price exploration in the spot market.

China’s domestic molybdenum market is maintaining a generally high and strong operation on August 23, 2023. As positive factors gradually increase, many raw material suppliers have once again raised their quotations. However, due to the continuing presence of bearish factors in the market, the price increase is relatively modest.