The overall domestic molybdenum market performed well. Under the contradiction between the small stock of molybdenum raw materials and the strong demand of downstream users, suppliers generally hold a strong bullish sentiment and the quotations continue to rise。 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price edged higher in the week ended on Friday November 25, 2022 affected by the increase in new guide prices for the second half of this month as well as relative active trading.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes affected by repeated COVID-19 in many places of China. In addition, the global high inflation pressure and the global tight currency situation caused by the rapid rise of the US dollar have led to a relatively sluggish global economic outlook, further increasing the pressure on overseas consumer markets.

At the beginning of the week, China’s domestic rare earth prices fluctuated in a narrow range as a whole. Under the influence of many uncertain factors, the market trend of light and heavy rare earths was slightly different, that is, the light rare earth market was stable and relatively strong, while the heavy rare earth market was operating flat.