The domestic Chinese molybdenum market is relatively favorable, influenced by news of reduced production or shutdowns in some northern mines on January 4, 2024. This has led to an increase in downstream user inquiries and purchasing enthusiasm, subsequently prompting molybdenum concentrate suppliers to adopt a firm pricing stance. 

Tungsten Product Price Trends in 2023:

In 2023, as the first year of economic recovery after the transition phase of COVID-19 prevention and control, industry insiders and external observers had high expectations for the restoration of market economy and industry production and consumption. 

Molybdenum Market Trends in China for 2023

The molybdenum market in China for 2023 shows similarities with the international molybdenum market, characterized by significant fluctuations, according to Chinatungsten Online's overall market perception. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market is currently experiencing no significant fluctuations at the end of December 2023, mainly due to the approaching holiday season leading to reduced market trading activities, coupled with the weak supply and demand situation for tungsten raw materials. Sellers are adopting a wait-and-see approach, and buyers find their negotiation space somewhat narrowed.

Analysis of China's Rare Earth Prices in December 2023

According to information obtained by Chinatungsten Online, the price trend of rare earth products in China in December 2023 showed weakness. 

I. Analysis of the Molybdenum Price Trend in China in December 2023

According to the information obtained from Chinatungsten Online, the price trend of molybdenum products in China in December 2023 is similar to that of November, with fluctuations characterized by initial increases, followed by decreases, and subsequent rebounds. However, the magnitudes of the declines and increases are not uniform.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain in a horizontal consolidation phase as the year-end approaches. Industry participants are generally directing their attention inward, resulting in reduced external trading activities. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China continues to show stable trends as raw material suppliers quote prices at higher levels. However, downstream demand remains moderate, and the recent holiday atmosphere has further subdued market activities. 

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.

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.