Chinese rare earth prices are partially stable, with some experiencing slight increases. For instance, the prices of praseodymium-neodymium metal, gadolinium oxide, and praseodymium-neodymium oxide have each risen by around 4,000 yuan/ton, 1,000 yuan/ton, and 5,000 yuan/ton, respectively.

Analysis of latest tungsten market from Chinatungsten Online

As we approach the last trading week of 2023, Chinese tungsten market is marked by a general stability in sentiment. 

Chinese molybdenum prices have slightly shifted downward, primarily attributed to the slowdown in downstream user consumption and an increase in price pressure. Specifically, prices for molybdenum concentrate, ferro molybdenum, and molybdenum powder have decreased by approximately 20 RMB per ton, 2,000 RMB per ton Mo, and 2 RMB per kilogram, respectively.

Analysis of latest tungsten market from Chinatungsten Online

This week, the overall Chinese tungsten prices have maintained stability. On the supply side, there are fewer concessions, with many businesses holding inventory and intending to support the market.