The overall operation of the domestic rare earth market is relatively weak, mainly manifested in the subdued market sentiment, continued decline in mainstream product prices, and fewer new orders. Today, the prices of praseodymium oxide, neodymium oxide, and terbium oxide have decreased by about 8,000 yuan/ton, 6,000 yuan/ton, and 50 yuan/kg, respectively.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable, with the overall market fundamentals continuing in a state of dual weakness since the beginning of the year.

Chinese molybdenum market operates good on February 21, 2024, with sellers holding a significant advantage in the market amid the interweaving of bullish and bearish factors, mainly reflected in the upward trend of many molybdenum product prices and reasonable transaction volumes. 

Analysis of latest tungsten market from Chinatungsten Online

On the first day of work following the 2024 Spring Festival, the Chinese tungsten market remained relatively calm, with the overall fundamentals continuing the pre-holiday supply-demand weak balance. Various news is currently unclear, and market participants are holding a wait-and-see attitude.