At the beginning of the week, China’s domestic molybdenum market as a whole continued to run stably at a high level last week. The prices of molybdenum concentrate, oxide and powder prices maintain stability. 

This week, China rare earth market showed a pattern of rising first and then stabilizing. At the beginning of the week, supported by factors such as low spot inventory in the market, increased inquiries from downstream users, and the rapid development of emerging industries, suppliers generally raised their quotations slightly. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices maintain stability as market participants are concerned about the upcoming peak of the epidemic with the approaching of New Year's Day and the Spring Festival holidays. 

China molybdenum market maintained a relatively strong operation in the week ended on Friday December 23, 2022. At the beginning of the week, with the support of factors such as tight spot supply of molybdenum raw materials, acceptable demand from downstream users, and the need to narrow the gap between domestic and foreign molybdenum prices, suppliers basically raised their quotations.