China’s domestic rare earth market remains lukewarm, with prices of mainstream light and heavy rare earth products experiencing varying degrees of decline on November 16, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ferro tungsten prices are unchanged from the previous trading day on November 14, 2023, with a complex market sentiment. 

Chinese molybdenum price stops from declining on November 16, 2023, supported by increased inquiries downstream and the stabilization and rebound of international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices showed a temporary stable trend, with a lack of enthusiasm in the market. On one hand, the mining side maintained a supportive stance, stabilizing the market at the bottom. On the other hand, the demand for downstream alloys and their products remained relatively weak, affecting the operating load of enterprises.