At the beginning of the week, the overall domestic molybdenum market maintained a sideways consolidation. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable, with major tungsten enterprises gradually releasing their latest round of long-term contract prices, which generally meet the expectations of price increases. 

Chinese rare earth prices showed a pattern of first decline and then rebound. At the beginning of the week, affected by the slow downstream demand follow-up and the tentative price increase of mainstream products near the end of last week, suppliers were offering discounts.

Chinese molybdenum prices continued the trend of slight downward fluctuations in the week ended on Friday March 22, 2024. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize at high levels, with cost considerations remaining dominant. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable with consolidation, although consumption conditions outside of essential demand are not ideal, the support from cost considerations forces smelters and downstream alloy companies to reluctantly raise their prices.

Chinese rare earth prices are generally stable, with some experiencing minor declines. This is mainly due to slow downstream demand, relatively ample spot market supply, and limited support from bullish news. 

Domestically, the overall focus of molybdenum prices continues to decline, with prices of molybdenum concentrate, sodium molybdate, and molybdenum powder decreasing by approximately 20 yuan per ton, 1,000 yuan per ton, and 5 yuan per kilogram, respectively. In this situation, both buyers and sellers are generally cautious, resulting in limited transactions.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten prices stabilized temporarily, with the firm attitude of the mining end remaining unchanged. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable in the week ended on Friday, March 15, 2024, with a firm sentiment in the primary tungsten market continuing to support the industry chain.