At the beginning of the week, the domestic Chinese molybdenum market generally maintained a sideways trend. This was mainly due to the weaker performance of steel tender volumes and prices, as well as the strong reluctance of molybdenum mine companies to sell at lower prices. 

This week, the Chinese rare earth market showed a mixed pattern, with prices fluctuating up and down. In the context of a relatively balanced supply-demand relationship and limited support from macroeconomic positive news, traders largely maintained rigid transactions, focusing primarily on the situation of northern rare earth auction prices in December.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to show a sideways trend, with the market caught in a supply-demand standoff, making it difficult to improve transaction conditions. 

This week, the Chinese molybdenum market showed a slight downward trend, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide falling below 3,700 yuan/tonne, 240,000 yuan/tonne, and 3,800 yuan/tonne, respectively.