Chinese Rare Earth Prices - June 3, 2024

neodymium oxide image

At the beginning of the week, Chinese rare earth prices continued the downward trend from last week. Among them, the prices of praseodymium-neodymium metal dropped by another approximately 9,000 yuan per ton, terbium oxide dropped by around 200 yuan per kilogram, and dysprosium iron alloy dropped by about 30,000 yuan per ton. 

Read more: Chinese Rare Earth Prices - June 3, 2024

Chinese Molybdenum Prices - June 3, 2024

MoSi2 Heating Elements image

At the beginning of the week, Chinese molybdenum prices fluctuated within a narrow range. This was mainly attributed to the strong sentiment among molybdenum mining companies to hold onto stocks in anticipation of price increases, as downstream demand remained relatively stable and spot inventories in the market were low. 

Read more: Chinese Molybdenum Prices - June 3, 2024

Consolidation in China Tungsten Prices Amid Weak Month-End Sentiment

ferro tungsten image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are consolidating, with a slightly weak sentiment at month-end primarily due to the need for corporate fund adjustments and profit-taking for cash realization. 

Read more: Consolidation in China Tungsten Prices Amid Weak Month-End Sentiment

China Tungsten Prices Remained Stable in Late May 2024

tungsten rod image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have remained stable as the market struggles to reach an effective balance between supply and demand. 

Read more: China Tungsten Prices Remained Stable in Late May 2024

China Tungsten Prices Became Weak in the Last Week of May 2024

gold plated tungsten wire image

Analysis of latest tungsten market from Chinatungsten Online

This week, China tungsten prices entered a period of weak consolidation, mainly due to emotional disturbances and marginal adjustments in market supply and demand. 

Read more: China Tungsten Prices Became Weak in the Last Week of May 2024

 

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