This week, the overall trend in domestic rare earth prices in China showed stability followed by a decline. At the beginning of the week, due to significant production costs and downstream users maintaining essential procurement support, most suppliers maintained strong quotations. 

The domestic molybdenum market in China showed relatively positive performance this week. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continue to remain stable on December 20, 2023, with the main driving factors still rooted in the fundamental supply-demand dynamics. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are maintaining stability on December 19, 2023, with a continued reluctance to sell on the supply side, and the market sentiment remains supportive. 

As of December 20, 2023, the overall Chinese rare earth market is maintaining a relatively weak operation. Specifically, there is a decrease of approximately 6,000 yuan/ton for praseodymium-neodymium oxide, a decrease of approximately 5,000 yuan/ton for praseodymium-neodymium metal, and a decrease of approximately 2,000 yuan/ton for gadolinium oxide. 

As of December 20, 2023, the overall focus of the Chinese molybdenum market has noticeably shifted upwards. Influenced by factors such as satisfactory downstream demand and a favorable international molybdenum market, suppliers' willingness to hold off sales and support prices has generally increased. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices remained stable when the market continued to be influenced by the ongoing negotiation dynamics between supply and demand fundamentals and spot transactions. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices show a stable upward movement in the week ended on Friday, December 15, 2023, mainly driven by the reluctance of sellers in the tungsten primary market to sell at lower prices. 

At the beginning of the week, Chinese rare earth market showed signs of stabilization after a period of decline. This is primarily attributed to the prolonged and significant decline in rare earth prices, leading many rare earth products to approach the cost line. 

At the beginning of the week, the overall Chinese molybdenum market maintained stable operations. With steel companies gradually entering the bidding for ferro molybdenum and the international molybdenum price facing resistance in its upward movement, suppliers are mainly adopting a cautious wait-and-see approach, leading to generally moderate transactions.