Rare earth market on September 6, 2023: the overall domestic rare earth market is relatively good, mainly reflected in the sharp jump in the prices of mainstream light and heavy rare earth raw materials and the increase in market inquiries. 

China’s overall domestic molybdenum market is in a dilemma on September 6, 2023 mainly due to the general demand from downstream users and the low spot inventory in the market. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable with subdued market trading sentiment as participants are waiting for the new guide prices from China’s Ganzhou Tungsten Association (GTA) and major tungsten enterprises. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the week ended on Friday, September 1, 2023, with a slight easing of bullish sentiment on the supply side and a persistently strong bargaining atmosphere on the demand side. 

At the beginning of the week, China rare earth prices were partially stable, and some rose slightly, mainly due to the fact that downstream users basically maintained rigid demand purchases and suppliers had a strong sense of price stand-up. 

At the beginning of the week, China molybdenum prices fluctuated in a narrow range, mainly due to the general demand of downstream users and the low willingness of suppliers to make price concessions. 

Analysis of latest tungsten market from Chinatungsten Online

In August 2023, Chinese tungsten price showed an overall trend of stability with a slightly upward movement. The main positive factors stem from the reluctance of suppliers to sell at lower prices, while intermediate manufacturers and traders show an increased inclination to explore price hikes driven by rising costs. 

Chinese rare earth price fluctuates within a reasonable range as a whole on August 31, 2023, mainly due to the recent increase in the price of rare earth raw materials and the slow follow-up of demand from downstream users. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain stable on August 30, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices stabilize at the end of August 2023 with limited conditions for exploring higher prices constrained from the demand side.