At the beginning of the week, China rare earth prices remained relatively stable in some areas, with occasional minor declines. Specifically, the price of neodymium praseodymium oxide fell by about 1,000 CNY per ton, the price of dysprosium oxide dropped by around 10,000 CNY per ton, and dysprosium iron alloy prices decreased by approximately 20,000 CNY per ton. 

At the beginning of the week, China molybdenum market remained weak, with a variety of uncertainties affecting pricing behaviors among traders, leading to a certain level of price confusion. Some traders were holding strong price expectations, while others were willing to trade price for quantity. Against this backdrop, actual transaction volumes remained relatively low.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain stable on October 12, 2023 with no significant changes in market supply and demand dynamics. 

After the National Day holiday, Chinese rare earth prices have shown a pattern of first rising, then declining, and stabilizing again.

After the National Day holiday, Chinese molybdenum prices have continued their downward trend, with the rate of decline increasing day by day.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is currently stable, with the market trading weakly, and the sentiment remains subdued. Smelters have not operated at high capacity, and the demand momentum in downstream sectors such as alloys is insufficient. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain stable because the post-holiday market demand has been mediocre, coupled with the lackluster feedback from institutions and large tungsten enterprises regarding their pricing, resulting in a lack of overall market momentum. 

Rare earth market quotation in China: terbium oxide and dysprosium oxide prices decline slightly while praseodymium oxide price keeps stable on October 11, 2023. 

China’s domestic molybdenum market continues to show a downward trend on October 11, 2023. In addition to the accelerated decline in international molybdenum oxide and European ferromolybdenum prices, as well as poor performance in the steel procurement market, a major reason for the declining confidence of many holders is the price reduction by the large molybdenum mine, Yichun Luming.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price shows weakness, with bearish sentiments primarily driven by sluggish demand from the demand side, and post-holiday restocking expectations not yet fully realized.