At the start of the week, Chinese molybdenum market remained stable, with a relatively balanced supply-demand relationship keeping trade volumes limited and market activity subdued. Traders are mainly focused on the performance of new steel bidding quantities and prices.

This week, Chinese rare earth prices have fluctuated within a narrow range. Due to prolonged weak demand from downstream sectors and relatively abundant spot supply in the market, it has been challenging for rare earth product prices to increase. 

Analysis of latest tungsten market from Chinatungsten Online

In October 2024, the Chinese tungsten market exhibited a generally stable and stagnant state for most of the month. 

This week, Chinese molybdenum prices have shown no significant changes, with prices for molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate remaining steady at around 3,750 yuan per ton, 242,000 yuan per ton, and 234,000 yuan per ton, respectively.