At the beginning of the week, the domestic molybdenum market showed relatively positive performance. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have entered a relatively stable phase at the end of the year, with market trends primarily observing the supply and demand fundamentals. 

This week, Chinese rare earth market showed a pattern of initial suppression followed by a rebound. At the beginning of the week, influenced by factors such as weak downstream demand, low market prosperity, and strong initiative from suppliers to ship goods, prices of praseodymium, neodymium, dysprosium, and terbium series products saw a significant decrease. 

This week, China molybdenum price is showing a downward consolidation, primarily due to poor performance in the international molybdenum market, a slowdown in steel mill bidding, and a slight increase in downstream user price pressure. However, due to support from production costs, suppliers have limited room to offer discounts.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continue to remain stable, with resilience observed at the mining end. Intermediate smelters and downstream users face challenges in balancing demand and resource supply costs, leading to a cautious and observant market sentiment. Overall, trading activity remains light.

Analysis of latest tungsten market from Chinatungsten Online

The latest tungsten enterprises’ long-term contract prices have not seen adjustments, indicating a stable state in the tungsten market. The supportive sentiment from the tungsten mining end maintains resilience at the bottom of the tungsten industry chain. 

Chinese rare earth market is currently caught in a dilemma, influenced by factors such as the difficulty in increasing downstream demand, continuous release of manufacturing capacity by producers, and tight capital conditions. 

China molybdenum price is currently consolidating within a narrow range, influenced by a relative balance in supply and demand. The difficulty in raising raw material prices for suppliers and limited bargaining space for purchasers have contributed to a slowdown in market transactions compared to the early days of this month.

At the beginning of the week, Chinese tungsten prices maintained a stable trend, with mining maintaining a resilient stance and alloy sectors cautiously negotiating for purchases. Intermediate smelting companies faced pressure from both ends, resulting in slow overall resource circulation and a trading deadlock.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remain in a phase of stabilization with a standstill post the New Year. The market continues to exhibit caution, with mining maintaining resilience and purchasers adopting a wait-and-see approach, resulting in limited surprises and heightened observation.