This week, the overall focus of Chinese rare earth prices has not shown significant changes, and actual transaction volumes remain relatively low. This is primarily attributed to downstream users maintaining their just-in-time procurement. Suppliers, to avoid the risk of cost inversion, generally have a lower willingness to reduce prices for sales.

China’s domestic molybdenum market demonstrated a fluctuating trend in the week ended on Friday, November 3, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be stable as demand pressures on the market are significant, consumer confidence remains under pressure, and the supply side's efforts to stabilize the market are the primary support. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market for October 2023 is displaying a tendency of weakness. This is primarily due to slower-than-expected recovery in consumption, as the much-anticipated peak season for the market during the "Golden September and Silver October" period did not materialize as expected. This has put pressure on tungsten raw material prices. 

1.Price Trends in China's Rare Earth Market in October 2023:

According to information from Chinatungsten Online, the overall rare earth market in China during October 2023 showed a tendency towards weakness. This is primarily reflected in the price trends of various rare earth products, with the exception of dysprosium-iron alloy, which saw a slight increase in prices. 

1.Molybdenum Price Trends in October 2023:

According to information from Chinatungsten Online, molybdenum prices in China during October 2023 experienced an overall decline. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, tungsten prices remained stable, with no recent market updates. As the end of the month approaches, there is a growing sense of caution and a lack of trading activity in the market. Market participants are awaiting clear long-term contract prices from major tungsten enterprises for early November 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have remained weak adjustment in the week ended on Friday, October 27, 2023, with relatively quiet market trading and a lack of positive news.

At the beginning of the week, some domestic rare earth prices in China remained stable, with a few experiencing minor declines. The interplay of various factors affecting both the bullish and bearish sentiments has led to a somewhat stagnant atmosphere in negotiations between buyers and sellers, consequently slowing down the order growth.

At the beginning of the week, domestic molybdenum prices in China continued the overall downward trend observed last week. This is mainly attributed to the strong pricing pressure from steel companies, the ongoing decline in international molybdenum prices, and the relatively rapid capacity release by mining companies.