Chinese Molybdenum Prices - June 3, 2024

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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

China Tungsten Prices Remained Stable in Late May 2024

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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

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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

Consolidation in China Tungsten Prices Amid Weak Month-End Sentiment

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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

Dysprosium Oxide Price – May 29, 2024

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The overall situation in the domestic rare earth market continues to be relatively weak. Despite the support from gradually strengthening production cost support, the good development of downstream industries such as wind power generation, and the continuous emergence of favorable news, many suppliers have a strong inclination to hold prices. 

Read more: Dysprosium Oxide Price – May 29, 2024

 

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