Chinese rare earth price exhibited mixed trends in the week ended on Friday, August 16, 2024, driven primarily by the low willingness of suppliers to reduce prices and the strong sentiment of buyers to push prices down. 

This week, Chinese molybdenum prices fluctuated within a reasonable range. The prices of molybdenum concentrate and molybdenum oxide both increased by approximately 0.27%, while molybdenum powder prices decreased by about 1.14%. Given this situation, industry insiders believe that the molybdenum market is likely to remain stable in the short term.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are currently stable, with strong support from the raw material side. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices have remained stable, with the market fundamentals showing no significant changes.

Chinese rare earth market has rebounded again on August 14, 2024, mainly reflected in the significant increase in prices of many products and the enhanced confidence of industry players in the future market. 

The Chinese molybdenum market has maintained a strong overall operation. Despite the unchanged weak supply-demand pattern, suppliers generally have strong confidence in stabilizing prices, while buyers have low willingness to accept goods at high prices, resulting in low market transaction volume.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a slight upward trend on August 12, 2024. The supply side appeared somewhat strong, while demand-side pressures have not significantly improved. Traders continue to take a cautious approach, leading to moderate trading activity.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable overall in the week ended on Friday, August 9, 2024.

At the beginning of the week, the domestic rare earth market displayed a generally stable but slightly stronger trend, primarily due to strong production cost support and an increased awareness among suppliers to raise prices. 

At the beginning of the week, Chinese molybdenum price remained relatively stable, with molybdenum concentrate, ferromolybdenum, and molybdenum powder quoted at around 3,650 yuan/ton, 239,000 yuan/ton, and 440 yuan/kg, respectively.