At the beginning of the week, Chinese rare earth market continued to run weakly. This was due to unrelieved weak downstream demand and ample market spot supply, prompting some suppliers to slightly lower their prices. For instance, the prices of terbium oxide and dysprosium oxide fell by about 150 RMB/kg and 30,000 RMB/ton, respectively. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to decline, with various stages of the industry chain still under considerable pressure, mainly due to weak demand. Buyers are purchasing as needed and negotiating prices accordingly, while sellers are cautiously reducing their willingness to offer discounts. 

At the beginning of the week, Chinese molybdenum price exhibited a generally stable but slightly weak trend. This was mainly due to high price pressure from downstream users and poor performance in the international molybdenum market. 

This week, the overall domestic Chinese rare earth market is weak.