At the beginning of the week, China’s domestic molybdenum market as a whole maintained a high and stable operation. 

This week, China rare earth price fluctuated and rose, mainly due to the reduction in output of some rare earth manufacturers and the slight increase in the enthusiasm of downstream users for inquiries and purchases, but the overall transaction volume was still small. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten carbide powder prices in the Chinese market remains stable on August 10, 2023 but raw material manufacturers have strong rised mentality despite the demand side remains sluggish. 

This week, China molybdenum price showed a pattern of first stabilizing and then rising, mainly due to the tighter spot supply in the market, and traders are reluctant to sell and have a strong bullish sentiment. It is worth mentioning that compared with last week, the prices of molybdenum concentrate and molybdenum oxide rose less this week, while the prices of molybdate, molybdenum powder and molybdenum rods rose significantly more.