At the beginning of the week, Chinese molybdenum market was relatively positive, characterized by a certain degree of price increases in mainstream molybdenum products and increased actual transaction volumes. 

This week, the overall focus of Chinese rare earth prices has not shown significant changes, and actual transaction volumes remain relatively low. This is primarily attributed to downstream users maintaining their just-in-time procurement. Suppliers, to avoid the risk of cost inversion, generally have a lower willingness to reduce prices for sales.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market remains relatively stable with a cautious trading atmosphere and no significant recovery in market confidence at the beginning of November 2023. 

China’s domestic molybdenum market demonstrated a fluctuating trend in the week ended on Friday, November 3, 2023.