At the beginning of the week, Chinese molybdenum prices slightly declined. Specifically, molybdenum concentrate and ferromolybdenum prices dropped by approximately 20 yuan/ton and 1,000 yuan/ton, respectively. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price remains stable, with demand continuing to be sluggish, affecting the tungsten raw material market. 

This week, Chinese rare earth prices have shown mixed trends. Amid intense price negotiations between buyers and sellers, market trading sentiment remains subdued with low transaction volumes. Currently, industry players are primarily focused on the allocation of rare earth quotas for the second half of the year.

This week, the overall domestic molybdenum market has been generally stable. Although some molybdenum product prices have shown a downward adjustment due to low steel company bids, the reduction has been minor. This is mainly due to satisfactory downstream inquiries, strong production cost support, and limited market spot supply.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price exhibits a sideways consolidation pattern, with the market lacking clear momentum for a bottom rebound. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in the Chinese market are exhibiting a weak stability trend, with the market fundamentals still locked in a stalemate. 

The domestic rare earth market has shown a pattern of rebound after excessive declines. Specifically, the price of praseodymium-neodymium oxide has increased by approximately 1,000 yuan/ton, terbium oxide by about 50 yuan/kg, and dysprosium oxide by around 20,000 yuan/ton. However, whether this price rebound will be short-lived remains to be seen, as current downstream demand still falls short of expectations.

The domestic Chinese molybdenum market overall maintained a sideways consolidation. Amid fierce price negotiations between buyers and sellers, market trading activity was moderate, with product prices fluctuating within a narrow range and differing views on the market outlook among industry participants.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to show a weak trend, primarily due to the stalemate in market supply and demand, as well as the reduction in long-term contract prices by large tungsten enterprises, significantly affecting market sentiment. Although there is some cost support from the intention of miners to stabilize prices, the overall market is still under pressure, and transaction activity remains low.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have continued to decline in the week ended on Friday, July 19, 2024, with the price increases since mid-April almost completely reversed. Market consumption sentiment remains difficult to improve, and the trend is still in a bottoming phase, awaiting a shift in fundamental signals.