At the beginning of the week, domestic Chinese rare earth prices showed partial stability with some downward adjustments. This was mainly due to the ongoing oversupply in the market. Current poor rare earth market conditions, tight liquidity, and the complex global economic situation are all contributing to the insufficient consumption capacity of downstream enterprises. 

At the beginning of the week, the domestic Chinese molybdenum market maintained stable operations. The conflict between suppliers' reluctance to lower prices and buyers' cautiousness about high prices has led to a stalemate where mainstream molybdenum product prices neither rise nor fall significantly, and transaction volumes remain low. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are continuing their downward trend. 

This week, the domestic Chinese molybdenum market showed a trend of stability followed by a slight decline, with relatively few transactions. At the beginning of the week, due to the rise in international molybdenum prices and strong production cost support at the time, suppliers generally maintained firm prices.

This week, the domestic Chinese rare earth market showed a trend of rising first and then falling. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain in a weak and stable cycle, with no improvement in the market's stagnant atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to decline, primarily due to prominent market fundamentals conflicts. 

The domestic rare earth market remains stable overall on July 3, 2024. Although Northern Rare Earth prices stayed flat month-on-month and the announcement of the "Rare Earth Management Regulations" boosted market confidence to some extent, weak demand from downstream users continues to make it difficult for product prices to rise.

Chinese molybdenum prices have fluctuated within a narrow range on July 3, 2024. With the supply and demand relatively balanced, traders' willingness to engage has been moderate, resulting in low market activity and few new orders. Most industry players believe that the market will maintain a sideways consolidation trend in the short term.

Analysis of latest tungsten market from Chinatungsten Online

On Monday, China tungsten prices remained stable with a wait-and-see attitude.