Chinese molybdenum prices continued to rise steadily in the week ended on Friday, September 6, 2024. This upward trend was mainly driven by high bidding activity from steel companies for ferromolybdenum, rising steel bid prices, and limited supply of molybdenum raw materials. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable, with some adjustments. While the long-term contract prices from major tungsten smelting companies have increased compared to August, they remain relatively conservative compared to the current strong market, affecting traders' sentiment.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are stabilizing, with the Chinese market fundamentals still showing a tight supply and weak demand. Most spot trading is characterized by a standoff between buyers and sellers. 

The domestic rare earth market is generally maintaining a strong upward trend. Due to a strong tendency among many suppliers to hold back sales and raise prices, praseodymium-neodymium prices remain stable, while dysprosium and terbium prices continue to rise.