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.

Analysis of latest tungsten market from Chinatungsten Online

As we approach the last trading week of 2023, Chinese tungsten market is marked by a general stability in sentiment. 

Analysis of latest tungsten market from Chinatungsten Online

This week, the overall Chinese tungsten prices have maintained stability. On the supply side, there are fewer concessions, with many businesses holding inventory and intending to support the market. 

Rare Earth Market Update - December 25, 2023

At the beginning of the week, the domestic Chinese rare earth market continued to maintain a relatively weak performance. 

At the beginning of the week, the domestic Chinese molybdenum market showed an overall pattern of high-level retracement. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize with the release of the last round of guide prices for the year of 2023. Insiders are not optimistic about the stocking up at the end of the year, and the market is expected to be lukewarm. 

This week, the overall trend in domestic rare earth prices in China showed stability followed by a decline. At the beginning of the week, due to significant production costs and downstream users maintaining essential procurement support, most suppliers maintained strong quotations. 

The domestic molybdenum market in China showed relatively positive performance this week. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continue to remain stable on December 20, 2023, with the main driving factors still rooted in the fundamental supply-demand dynamics. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are maintaining stability on December 19, 2023, with a continued reluctance to sell on the supply side, and the market sentiment remains supportive.