The overall domestic molybdenum market maintains a high level of stable operation, mainly reflected in the difficulty in updating molybdenum prices, traders basically maintaining rigid demand, and the transaction volume is average. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable as the market continues to be deadlocked with rare deals concluded. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, July 21, 2023 affected by the sluggish demand, the decline in new guide prices from listed tungsten enterprises and weak market. 

Rare earth market on July 24, 2023: At the beginning of the week, the overall domestic rare earth market was still weak. Although stimulated by the news of the temporary closure of Tengchong and the support of production costs and downstream users’ enthusiasm for bargain hunting, the price of praseodymium, neodymium, dysprosium, and terbium gadolinium rose somewhat.

Molybdenum market on July 24, 2023: At the beginning of the week, Chinese overall molybdenum price keeps firm mainly reflected in the acceptable downstream demand and the slight increase in the price of molybdenum raw materials. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to be weak on July 20, 2023 when the release of resources from mines and smelters is relatively cautious. The overall supply the market is tight, however, the consumption at the alloy end is relatively sluggish. 

This week, China rare earth market shows a pattern of having price but no market. From the price point of view, supported by the slight increase in downstream inquiries and the strengthening of production cost support recently, the quotations of the holders have increased.

China molybdenum price was relatively strong in the week ended on Friday, July 21, 2023. Under the situation that raw material manufacturers are reluctant to sell and raise prices and the downstream demand is acceptable, the trading activity in the market is relatively high, and the price of molybdenum raw materials has risen slightly. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remain weak adjustment on July 19, 2023 greatly affected by the low buying appetite of downstream. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market remain weak adjustment on July 18, 2023 with the impact of the decline in new guide prices for the second half of this month.