The domestic rare earth market has shown a pattern of rebound after excessive declines. Specifically, the price of praseodymium-neodymium oxide has increased by approximately 1,000 yuan/ton, terbium oxide by about 50 yuan/kg, and dysprosium oxide by around 20,000 yuan/ton. However, whether this price rebound will be short-lived remains to be seen, as current downstream demand still falls short of expectations.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to show a weak trend, primarily due to the stalemate in market supply and demand, as well as the reduction in long-term contract prices by large tungsten enterprises, significantly affecting market sentiment. Although there is some cost support from the intention of miners to stabilize prices, the overall market is still under pressure, and transaction activity remains low.

The domestic Chinese molybdenum market overall maintained a sideways consolidation. Amid fierce price negotiations between buyers and sellers, market trading activity was moderate, with product prices fluctuating within a narrow range and differing views on the market outlook among industry participants.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have continued to decline in the week ended on Friday, July 19, 2024, with the price increases since mid-April almost completely reversed. Market consumption sentiment remains difficult to improve, and the trend is still in a bottoming phase, awaiting a shift in fundamental signals.