Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China seems ‘cool’ compared with the scorching summer. On the supply side, miners are unwilling to sell at a lower price as the supply is relatively tight, and intermediate manufacturers want to avoid risks and reduce operating rates.

Molybdenum market quotation in China: ferro molybdenum and molybdenum oxide prices edge lower and the prices of other molybdenum products remain stable on July 12, 2023. 

Rare earth market quotation in China: praseodymium oxide, neodymium oxide, holmium oxide and dysprosium oxide prices decline slightly on July 12, 2023 mainly due to weak market demand, increased production of some raw materials, and lack of confidence in suppliers' price stability. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in the Chinese market remains weak at the beginning of the week on low trading activity of both buyers and sellers as well as the poor external trading environment.