Chinese Molybdenum Market - November 22, 2024

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This week, Chinese molybdenum market continued to operate weakly, mainly due to low steel bidding prices, a sluggish international molybdenum market, and increasing inventory levels. 

Read more: Chinese Molybdenum Market - November 22, 2024

China Tungsten Prices Remain Stable on Cautious Sentiment

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Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain in a high-level consolidation phase, with market activity characterized by a cautious and stagnant atmosphere. 

Read more: China Tungsten Prices Remain Stable on Cautious Sentiment

Rare Earth Market Update: November 20, 2024

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The domestic rare earth market continues to exhibit a downward adjustment trend, with prices for key products experiencing varying degrees of decline:

Read more: Rare Earth Market Update: November 20, 2024

Chinese Tungsten Market Update and RMB Depreciation Impacts

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Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market continues to exhibit a tight supply-demand balance, with prices largely stagnant and trading activity driven by just-in-time procurement. 

Read more: Chinese Tungsten Market Update and RMB Depreciation Impacts

Chinese Molybdenum Prices - November 20, 2024

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Chinese molybdenum prices remain relatively stable, with molybdenum concentrate, ferromolybdenum, and molybdenum powder prices consolidating at around 3,720 yuan/ton unit, 241,000 yuan/ton, and 435 yuan/kg, respectively. Amid this situation, market participants are focused on when the current stalemate may break, as order growth remains slow.

Read more: Chinese Molybdenum Prices - November 20, 2024

 

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