Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China is currently stabilizing, and market transactions remain lukewarm on November 23, 2023. 

This week, the overall activity in the Chinese rare earth market is moderate. Under the influence of various uncertainties, there is a divergence in the price trends of light and heavy rare earths. 

This week, the overall attention in the Chinese molybdenum market is relatively high. With limited space for price reduction in molybdenum raw materials and the increase in steel procurement prices, the quotations from intermediate smelting enterprises are relatively chaotic but show an overall downward trend. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to exhibit a stable trend amid the ongoing stalemate in the supply and demand sides. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices bottomed out tentatively on November 21, 2023, with transactions pending to be released. 

Rare earth market quotation in China: lanthanum oxide, gadolinium oxide and praseodymium neodymium metal prices decline slightly on November 22, 2023. 

The overall situation in the domestic molybdenum market remains relatively weak, influenced by the ongoing issue of supply-demand imbalance. Buyers hold a significant advantage in the market, and some suppliers are voluntarily lowering prices to secure more orders. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintained a stable trend. With the market digesting some bearish sentiment, the stability-oriented attitude led by the mining side strengthened. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the week ended on Friday, November 17, 2023, with weak tone in downstream terminal consumption. The market's trading performance is stagnant, but thanks to strong support from the mining side, there is less willingness to offer discounts.

At the beginning of the week, Chinese rare earth market remained relatively weak. Influenced by the difficulty in downstream demand recovery and the willingness of many raw material suppliers to exchange volume for price, most industry participants exhibited a somewhat insufficient confidence in the future, primarily adopting a cautious wait-and-see approach.