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. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continued to decline at the beginning of the week. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to remain stable, with clear support from the mining sector and a lack of significant recovery in the alloy sector. The overall market atmosphere is characterized by cautious trading and stagnant transaction volume and prices, with primary circulation being driven by essential needs.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market are unchanged from the previous trading day on November 15, 2023 as the market trading sentiment is mediocre, with a tug-of-war situation in buying and selling. 

China’s domestic rare earth market remains lukewarm, with prices of mainstream light and heavy rare earth products experiencing varying degrees of decline on November 16, 2023. 

Chinese molybdenum price stops from declining on November 16, 2023, supported by increased inquiries downstream and the stabilization and rebound of international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ferro tungsten prices are unchanged from the previous trading day on November 14, 2023, with a complex market sentiment. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices showed a temporary stable trend, with a lack of enthusiasm in the market. On one hand, the mining side maintained a supportive stance, stabilizing the market at the bottom. On the other hand, the demand for downstream alloys and their products remained relatively weak, affecting the operating load of enterprises. 

The overall rare earth market in China is maintaining stable operations. This is primarily evident in traders maintaining relatively rigid transactions, no significant changes in rare earth raw material and permanent magnetic material prices, and a moderate increase in order speed.

The overall trend of domestic Chinese molybdenum prices is in the downward trend on November 14, 2023.