At the beginning of the week, Chinese rare earth prices continued to show a downward trend, with the prices of praseodymium-neodymium oxide, gadolinium oxide, and neodymium iron boron scrap (terbium) falling below the thresholds of 380,000 yuan per ton, 170,000 yuan per ton, and 5,500 yuan per kilogram, respectively. This is mainly due to the recent strong bearish sentiment in the market.

At the beginning of the week, the overall Chinese molybdenum market continued to maintain a slightly strong trend. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in the Chinese market shows signs of rise since the Spring Festival, with the market maintaining a resilient supply side and a cautious demand side. 

After the first week back from the Spring Festival holiday, Chinese rare earth price overall showed a pattern of stability followed by a decline. 

After the first week following the holiday, Chinese molybdenum price overall presented a pattern of stability followed by an increase. This is mainly attributed to the high bullish sentiment among molybdenum mining companies, the concentrated procurement of ferro molybdenum by steel companies, and the fluctuation in international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices in the Chinese market show stability with slight upward exploration. Firstly, this is based on the relatively favorable new round of long-term contract prices from large tungsten enterprises. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stable on February 20, 2024. On one hand, this is due to the lingering holiday atmosphere, with industry enterprises not yet fully resuming operations. 

The overall operation of the domestic rare earth market is relatively weak, mainly manifested in the subdued market sentiment, continued decline in mainstream product prices, and fewer new orders. Today, the prices of praseodymium oxide, neodymium oxide, and terbium oxide have decreased by about 8,000 yuan/ton, 6,000 yuan/ton, and 50 yuan/kg, respectively.

Chinese molybdenum market operates good on February 21, 2024, with sellers holding a significant advantage in the market amid the interweaving of bullish and bearish factors, mainly reflected in the upward trend of many molybdenum product prices and reasonable transaction volumes. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable, with the overall market fundamentals continuing in a state of dual weakness since the beginning of the year.