At the beginning of the week, China’s overall domestic rare earth market has not changed significantly. Affected by factors such as the difficult increase in the supply of raw materials, the good demand from downstream users, the continuous introduction of favorable policies, and the imminent restoration of Myanmar border ports, the performance of the light and heavy rare earth markets is different.

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to decline due to weak support from the cost and great pressure from the demand side. Most participants are waiting for new guide prices from state-owned tungsten companies. 

At the beginning of the week, China’s overall domestic molybdenum market still underperformed. Although the recent sharp decline in raw material prices has supported the confidence of downstream users to purchase on dips to a certain extent, the overall demand is still not as expected, so it will be relatively difficult for molybdenum price to rise in the short term.

China rare earth price showed a slight correction trend at a high level in the week ended on Friday November 19, 2021. Under the intertwining of long and short factors, the price game between buyers and sellers is obviously fierce, which hinders high transactions and makes it difficult to find low-priced supplies. Currently, the price of praseodymium and neodymium metal is about 970,000 yuan/ton, and the price of dysprosium-iron alloy is about 2,950,000 yuan/ton.