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.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price held steady, with the market trading atmosphere remaining cautious and primarily driven by on-demand transactions. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, August 18, 2023 despite limited progress in market demand. 

At the beginning of the week, China rare earth prices have seen a slight upward shift in overall focus. This is mainly attributed to restricted production from certain rare earth manufacturers, positive developments in emerging industries, and relatively low raw material inventories for magnet material companies. 

Molybdenum Market on August 21, 2023

At the beginning of the week, China’s domestic molybdenum market is generally experiencing pressure at high levels. The impact of low enthusiasm from downstream users for inquiries and purchases, combined with the continuous decline in international molybdenum prices, has led to a decrease in the stable pricing confidence of many suppliers. 

Analysis of latest tungsten market from Chinatungsten Online

The recent Chinese tungsten price has remained stable, as major tungsten enterprises' upward adjustments in long-term contract prices have boosted market confidence, resulting in robust offers from traders. 

China rare earth price has generally consolidated within a narrow range in the week ended on Friday August 18, 2023. Under the influence of various uncertainties, the trends in light and heavy rare earth raw materials, as well as rare earth permanent magnetic materials, have shown slight differences.

China molybdenum market has shown an overall high-level oscillation trend in the week ended on Friday August 18, 2023. Due to reduced downstream demand and the continuous decline in international molybdenum oxide and European ferromolybdenum prices, many raw material suppliers have shown an increased willingness to lower prices and make shipments. 

Analysis of latest tungsten market from Chinatungsten Online

The overall tungsten price in the Chinese market is in the upward trend in the middle of August 2023. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes because the market keeps unchanged compared from last week. Now market participants mainly take a watchful stance.