Analysis of latest tungsten market from Chinatungsten Online

China tungsten market for October 2023 is displaying a tendency of weakness. This is primarily due to slower-than-expected recovery in consumption, as the much-anticipated peak season for the market during the "Golden September and Silver October" period did not materialize as expected. This has put pressure on tungsten raw material prices. 

1.Molybdenum Price Trends in October 2023:

According to information from Chinatungsten Online, molybdenum prices in China during October 2023 experienced an overall decline. 

1.Price Trends in China's Rare Earth Market in October 2023:

According to information from Chinatungsten Online, the overall rare earth market in China during October 2023 showed a tendency towards weakness. This is primarily reflected in the price trends of various rare earth products, with the exception of dysprosium-iron alloy, which saw a slight increase in prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, tungsten prices remained stable, with no recent market updates. As the end of the month approaches, there is a growing sense of caution and a lack of trading activity in the market. Market participants are awaiting clear long-term contract prices from major tungsten enterprises for early November 2023.