Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, July 21, 2023 affected by the sluggish demand, the decline in new guide prices from listed tungsten enterprises and weak market. 

Molybdenum market on July 24, 2023: At the beginning of the week, Chinese overall molybdenum price keeps firm mainly reflected in the acceptable downstream demand and the slight increase in the price of molybdenum raw materials. 

Rare earth market on July 24, 2023: At the beginning of the week, the overall domestic rare earth market was still weak. Although stimulated by the news of the temporary closure of Tengchong and the support of production costs and downstream users’ enthusiasm for bargain hunting, the price of praseodymium, neodymium, dysprosium, and terbium gadolinium rose somewhat.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to be weak on July 20, 2023 when the release of resources from mines and smelters is relatively cautious. The overall supply the market is tight, however, the consumption at the alloy end is relatively sluggish.