Molybdenum market quotation: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge higher on October 25, 2023, driven by the relatively favorable downstream demand and the limited inventory of spot goods in the market. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to stabilize when the sales of downstream alloy products and intermediate smelting products in golden September and silver October were lower than expected, which affected the enthusiasm of traders to enter the market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, October 20, 2023, with insufficient market consumption momentum. However, influenced by the resolute attitude of mining companies to support prices, there is limited downward pressure on tungsten product prices. 

At the beginning of the week, China’s domestic rare earth market remained weak adjustment, primarily characterized by the stability of product prices in some areas, minor decreases in a few instances, and a relatively low number of new orders. 

At the beginning of the week, China’s domestic molybdenum market showed relatively positive trends, mainly reflected in various molybdenum product prices experiencing different degrees of increase, along with increased actual trading volume. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices keep stable as the market continues to be caught in wait-and-see atmosphere with limited transactions concluded. 

This week, Chinese rare earth price exhibited a generally stable-to-weak trend. This was primarily reflected in varying degrees of decline in the prices of light and heavy rare earth raw materials, as well as a slow growth in actual orders. In the short term, many traders adopted a cautious wait-and-see approach.

This week, Chinese molybdenum price initially saw a significant decline, followed by stabilization, and was influenced by various uncertainties. Traders held somewhat differing attitudes, particularly as molybdenum raw material prices showed signs of rebounding towards the end of the week, while molybdenum chemical product prices remained sluggish.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market continue to remain stable on October 18, 2023 due to lukewarm sentiment of market participants. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day as there is no significant development on the demand side, combined with an uncertain global environment.