Analysis of latest tungsten market from Chinatungsten Online

Macro Overview of the Tungsten, Molybdenum, and Rare Earth Market During the Mid-Autumn Festival and National Day:

The Chinese rare earth market has continued its stable operation since the holiday period, mainly due to the fact that many traders have not yet resumed normal trading activities on the first day after the holiday, and there has been a slowdown in logistics transportation due to the return peak of travelers in the past two days.

Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten market has shown a trend of volatility and consolidation in prices in the first three quarters of 2023. The overall tungsten price has shifted upward, but the adjustment range has been limited. This is mainly due to an ongoing tug-of-war between market cost factors and supply and demand dynamics.

Chinese molybdenum price has generally maintained a sideways consolidation trend on October 7, 2023 after the holiday of National Day. This is primarily attributed to the fluctuating international molybdenum prices during the National Day holiday period and the fact that domestic traders have not yet returned to their normal trading activities on the first day after the holiday.