The Chinese molybdenum market is running steadily as a whole. With the supply and demand relationship relatively balanced and no major positive or negative news released on the policy side, buyers and sellers are mostly on the sidelines, so the transaction is average. At present, the industry focuses on the number and bids of molybdenum iron in steel companies' bidding.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to be weak in the week began on Monday, June 17, 2024. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were weak in the week ended on Friday, June 14, 2024, and the stalemate in the spot market reflected the complex market sentiment.

At the beginning of the week, Chinese rare earth prices were partially stable and slightly increased in some cases, among which the price of praseodymium-neodymium metal increased by about RMB 3,000/ton and the price of dysprosium iron alloy increased by about RMB 10,000/ton. 

At the beginning of the week, Chinese molybdenum price remained strong as a whole. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are generally weak due to the deadlocked market. The supply side has been relatively weak recently with the end of the environmental protection checks. And the market sentiment of profit-taking and cashing out has increased traders' willingness to release resources. 

Chinese rare earth market as a whole showed a mixed pattern of ups and downs in the week ended on Friday, June 14, 2024. 

Chinese molybdenum market was calm this week, mainly due to the general downstream demand, low willingness of suppliers to make price concessions, and no major positive or negative news released in the market. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are temporarily in a stalemate in the middle of June 2024. Sellers' confidence has weakened, and buyers are not willing to buy high-priced raw materials. The market as a whole is in a stalemate and negotiation atmosphere, and the number of completed orders is limited.

Chinese rare earth prices have moved down slightly again, among which the price of praseodymium oxide has dropped by about RMB 5,000/ton, the price of praseodymium-neodymium oxide has dropped by about RMB 6,000/ton, and the price of gadolinium oxide has dropped by about RMB 2,000/ton.