Molybdenum market quotation: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge higher on October 25, 2023, driven by the relatively favorable downstream demand and the limited inventory of spot goods in the market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, October 20, 2023, with insufficient market consumption momentum. However, influenced by the resolute attitude of mining companies to support prices, there is limited downward pressure on tungsten product prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to stabilize when the sales of downstream alloy products and intermediate smelting products in golden September and silver October were lower than expected, which affected the enthusiasm of traders to enter the market. 

At the beginning of the week, China’s domestic rare earth market remained weak adjustment, primarily characterized by the stability of product prices in some areas, minor decreases in a few instances, and a relatively low number of new orders.