At the beginning of the week, China’s praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices remained weak adjustment mainly affected by the increase of market supply. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to trade sideways on April 13, 2023, mainly due to the lack of buying interest of downstream terminal. Th whole market is also quiet given the continued sluggish trading performance as well as the lack of support from the cost side, the risk in the macro environment, and the poor sentiment of market participants. 

At the beginning of the week, the overall Chinese molybdenum market was still not good, mainly reflected in the decline in the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide to a certain extent. 

China rare earth price kept falling in the week ended on Friday April 14, 2023. With the rapid growth of rare earth raw material spot inventory, the buyer’s market has a relatively large advantage, which has led to the decline in rare earth raw materials such as praseodymium, neodymium, terbium, gadolinium, dysprosium and their permanent magnets. Material prices have been falling, and the buying and selling atmosphere in the market is low.