The overall situation in the domestic Chinese rare earth market is lukewarm. Factors such as limited growth in downstream demand, strong support from production costs, and a relatively low supply of some rare earth raw materials have led suppliers to maintain stable pricing, but transactions are scarce.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices stabilized temporarily, with attention on the upcoming release of average tungsten forecast prices from Ganzhou Tungsten Association and long-term contract prices from major tungsten enterprises.

There has been another occurrence of a surge followed by a retreat in domestic Chinese molybdenum prices on December 6, 2023. Both molybdenum concentrates and molybdenum oxide have experienced a decrease of approximately 50 yuan per ton Mo, while ferro molybdenum has seen a reduction of around 3,000 yuan per ton. In this scenario, market transactions are generally moderate.

Analysis of latest tungsten market from Chinatungsten Online

The overall Chinese tungsten price has shown a situation of probing higher and then stabilizing in the week ended on Friday, December 1, 2023, with the key factors in the market being the actual performance of the supply and demand fundamentals and market confidence.