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. 

Analysis of latest tungsten market from Chinatungsten Online

The trend in tungsten prices shows divergent movements.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are holding steady, with strong quotations from the mining sector, but demand remains relatively sluggish. 

Chinese rare earth market is generally characterized by a situation where prices are available but transactions are scarce. 

Chinese molybdenum market is generally maintaining a sideways operation at the end of October 2024. With downstream demand stabilizing and suppliers having limited room to lower prices, market activity is moderate and transactions are limited. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable but showed slight signs of easing.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained relatively stable, but market transactions were tepid. 

At the beginning of the week, the domestic rare earth market maintained a generally weak performance, with slight price declines for some products. 

At the beginning of the week, Chinese molybdenum market maintained a weak and stable performance. With strong price pressure from downstream users and a rapid increase in market spot inventory, many suppliers lacked confidence in raising prices. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price remains in a stagnant and sideways trend, with market fundamentals showing a tug-of-war.