This week, Chinese molybdenum market has shown a generally weak trend, mainly reflected in the varying degrees of price declines for mainstream molybdenum products and a growing atmosphere of market hesitation. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained in a steady state with low market activity. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have slightly weakened, although the overall supply and demand dynamics remain unchanged. 

Chinese rare earth market remains at relatively high levels but shows signs of weakness, primarily due to limited consumption capacity among downstream users and the upcoming online auction for Northern Rare Earth’s praseodymium-neodymium (PrNd) metal, with a starting price lower than the current market rates. This has prompted many suppliers to adjust their prices more rationally.

The domestic molybdenum market continues to operate under weak conditions, with a growing stalemate between buyers and sellers due to conflicting market factors. This has resulted in resistance to price increases and a slowdown in order growth.

Analysis of latest tungsten market from Chinatungsten Online

On Monday, tungsten prices remained steady, with the market in a stalemate as all parties closely monitor supply-side regulations and changes in downstream demand. Buyers and sellers are in a tug-of-war, and the market is searching for a new equilibrium point. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a stable yet slightly weak trend in the week ended on Friday, September 6, 2024. 

At the beginning of the week, Chinese rare earth prices continued to rise, with praseodymium-neodymium oxide, praseodymium-neodymium metal, and dysprosium oxide prices increasing by approximately 8,000 yuan/ton, 7,000 yuan/ton, and 30,000 yuan/ton, respectively. 

At the beginning of the week, Chinese molybdenum market remained flat, influenced by both bullish and bearish factors, with slightly different performances across upstream and downstream markets:

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable in a stalemate, with some suppliers shifting between holding back for higher prices and selling for profit.