This week, the Chinese molybdenum market showed a slight downward trend, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide falling below 3,700 yuan/tonne, 240,000 yuan/tonne, and 3,800 yuan/tonne, respectively.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable, with supply and demand conditions continuing to play out in a tug-of-war, and new orders at the end of the month showing limited activity. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain in a sideways trend, with market stagnation at high levels leading to increased profit-taking sentiment. 

The domestic Chinese rare earth market has been fluctuating within a narrow range. Although prices of many products were pushed up in the past two days due to stronger support from production costs and the closure of the China-Myanmar border, the overall market has not seen a significant recovery. 

The Chinese molybdenum market is generally showing a steady but slightly weaker trend. As favorable factors gradually dissipate, the consumer market is slowly shifting from a seller's market to a buyer's market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable, with the market supply side continuing to show tight conditions, while demand remained relatively subdued. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market has generally shown a steady to slightly stronger trend in the week ended on Friday, November 22, 2024. Following the upward adjustment of new long-term contract prices by major tungsten enterprises, the raw material sector has shown an increased willingness to raise prices. 

At the start of the week, the domestic rare earth market showed a mixed pattern with both price increases and decreases. Specifically:

At the start of the week, the domestic molybdenum market remained weak but stable overall. Transaction prices for molybdenum concentrate and ferromolybdenum were consolidated at approximately 3,710 CNY/ton unit and 240,000 CNY/ton, respectively. 

Analysis of latest tungsten market from Chinatungsten Online

In the second half of November 2024, the tungsten market continued its upward price trend, with long-term contract prices from major tungsten enterprises slightly increasing. The upward trend led by tungsten ore is evident, but overall trading sentiment remains cautious, and market expectations for future trends are divided.