Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains weak, with a slight downward adjustment in the overall pricing of long-term contract prices from major tungsten enterprises, reflecting some pressure on the current market sentiment. 

Rare earth market quotation in China: neodymium oxide, praseodymium neodymium oxide and gadolinium oxide prices decline slightly on October 25, 2023, with the relatively low enthusiasm of traders, and the limited number of new orders.

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.