This week, Chinese rare earth prices exhibited a pattern of significant rise followed by narrow-range fluctuations. This trend can be attributed to the active inquiry and procurement by downstream users at the beginning of the week. 

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.

This week, Chinese domestic molybdenum market demonstrated a very positive performance. Supported by factors such as increased activity in the steel tender market, a rebound in international molybdenum prices, and persistent challenges in increasing market spot supply, molybdenum raw material suppliers have regained confidence in raising prices. 

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.