The domestic rare earth market is showing a mixed trend of both gains and declines. 

The Chinese molybdenum market is generally showing a stable to slightly stronger trend. This is due to the simultaneous rise in both volume and price in steel tenders, as well as molybdenum mining companies not being in a hurry to sell. Market activity is relatively good, and many suppliers have tentatively raised their prices again. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten prices remained steady. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have remained firm in the week ended on Friday, August 23, 2024. 

At the beginning of this week, the domestic rare earth market maintained a steady and positive trend. 

At the beginning of the week, the domestic molybdenum market maintained stable operations. The market saw active trading and a rapid increase in orders, driven by high inquiry and procurement enthusiasm from steel companies and the willingness of many molybdenum mining enterprises to sell.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market maintains a firm stance, with tight supply from both the mining and smelting sectors driving prices up. 

The overall rare earth market in China has performed relatively well this week, with many product prices experiencing fluctuations and upward trends.

Chinese molybdenum market has remained stable, with fierce price negotiations between buyers and sellers due to a mix of positive and negative factors. As a result, many product prices have shown little change, though transaction volumes have been decent. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have recently been in a firm range, primarily supported by tight supply at the mining end and a roughly 3% mid-month increase in long-term contract prices from major tungsten enterprises.