China’s domestic rare earth market remains lukewarm, with prices of mainstream light and heavy rare earth products experiencing varying degrees of decline on November 16, 2023. 

Chinese molybdenum price stops from declining on November 16, 2023, supported by increased inquiries downstream and the stabilization and rebound of international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ferro tungsten prices are unchanged from the previous trading day on November 14, 2023, with a complex market sentiment. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices showed a temporary stable trend, with a lack of enthusiasm in the market. On one hand, the mining side maintained a supportive stance, stabilizing the market at the bottom. On the other hand, the demand for downstream alloys and their products remained relatively weak, affecting the operating load of enterprises. 

The overall rare earth market in China is maintaining stable operations. This is primarily evident in traders maintaining relatively rigid transactions, no significant changes in rare earth raw material and permanent magnetic material prices, and a moderate increase in order speed.

The overall trend of domestic Chinese molybdenum prices is in the downward trend on November 14, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

The overall tungsten price in China has shown a relatively weak trend in the week ended on Friday, November 10, 2023 mainly due to the lack of progress in the consumer market. 

At the beginning of the week, DyFe, praseodymium oxide, neodymium oxide and dysprosium oxide prices declined slightly, mainly due to weak downstream demand. 

At the beginning of the week, the overall focus of Chinese molybdenum prices slightly shifted downward, primarily due to increased price pressure from steel companies and the retracement of international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain stable due in part to sluggish demand, weak demand and limited deals concluded in the market.