Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to maintain stable with mixed market attitudes and different expectations for the adjustment direction of supply and demand in the future. 

At the beginning of the week, Chinese rare earth prices showed a general downward trend, mainly due to the decrease in demand from downstream users. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday, June 2, 2023 when the primary market is operating cautiously and steadily. The mining end has a strong rised mentality, and external offers have risen slightly because the supply of market resources is limited; buyers remain cautious, and the enthusiasm of merchants for active consumption is not high.

At the beginning of the week, China’s molybdenum powder, ammonium molybdate and ammonium heptamolvbdate prices keep stable mainly due to the relative balance between supply and demand in the current market.