Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained stable with limited updates in the market news. Supply and demand continued to maintain a stagnant situation, and short-term fluctuations in the market were unlikely, while enterprises and institutions awaited clearer pricing after the month changed.

Rare earth market quotation in China: DyFe, gadolinium oxide and erbium oxide prices increased slightly on August 28, 2023 mainly attributed to several factors: positive expectations for the rare earth market in the second half of the year and the relatively low inventory levels of raw materials for magnetic materials in current magnetic material companies.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued their steady upward trend in the week ended on Friday, August 25, 2023, primarily driven by the anticipations of price increases in the tungsten raw material market. 

At the beginning of the week, Chinese molybdenum market maintained stable and robust operations. With relatively low inventory levels in the spot market and downstream users mainly engaged in essential procurement, suppliers exhibited slightly restrained confidence in raising prices, while the willingness to lower prices was also limited.