Chinese Rare Earth Market Update on September 11, 2024

neodymium oxide image

Chinese rare earth market remains at relatively high levels but shows signs of weakness, primarily due to limited consumption capacity among downstream users and the upcoming online auction for Northern Rare Earth’s praseodymium-neodymium (PrNd) metal, with a starting price lower than the current market rates. This has prompted many suppliers to adjust their prices more rationally.

Read more: Chinese Rare Earth Market Update on September 11, 2024

Ferromolybdenum Price - September 11, 2024

MoSi2 heating elements image

The domestic molybdenum market continues to operate under weak conditions, with a growing stalemate between buyers and sellers due to conflicting market factors. This has resulted in resistance to price increases and a slowdown in order growth.

Read more: Ferromolybdenum Price - September 11, 2024

China Tungsten Prices Remained Weak Trend in Early September 2024

black tungsten wire photo

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a stable yet slightly weak trend in the week ended on Friday, September 6, 2024. 

Read more: China Tungsten Prices Remained Weak Trend in Early September 2024

Tungsten Powder and Tungsten Carbide Powder Prices Are Holding Steady

tungsten electrodes photo

Analysis of latest tungsten market from Chinatungsten Online

On Monday, tungsten prices remained steady, with the market in a stalemate as all parties closely monitor supply-side regulations and changes in downstream demand. Buyers and sellers are in a tug-of-war, and the market is searching for a new equilibrium point. 

Read more: Tungsten Powder and Tungsten Carbide Powder Prices Are Holding Steady

Chinese Rare Earth Prices - September 9, 2024

neodymium oxide image

At the beginning of the week, Chinese rare earth prices continued to rise, with praseodymium-neodymium oxide, praseodymium-neodymium metal, and dysprosium oxide prices increasing by approximately 8,000 yuan/ton, 7,000 yuan/ton, and 30,000 yuan/ton, respectively. 

Read more: Chinese Rare Earth Prices - September 9, 2024

 

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