Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, August 18, 2023 despite limited progress in market demand. 

Molybdenum Market on August 21, 2023

At the beginning of the week, China’s domestic molybdenum market is generally experiencing pressure at high levels. The impact of low enthusiasm from downstream users for inquiries and purchases, combined with the continuous decline in international molybdenum prices, has led to a decrease in the stable pricing confidence of many suppliers. 

At the beginning of the week, China rare earth prices have seen a slight upward shift in overall focus. This is mainly attributed to restricted production from certain rare earth manufacturers, positive developments in emerging industries, and relatively low raw material inventories for magnet material companies. 

Analysis of latest tungsten market from Chinatungsten Online

The recent Chinese tungsten price has remained stable, as major tungsten enterprises' upward adjustments in long-term contract prices have boosted market confidence, resulting in robust offers from traders.