The domestic rare earth market continues to operate in a consolidating phase, with a relatively balanced supply-demand relationship, leading to somewhat stagnant negotiation atmospheres between buyers and sellers. As a result, prices fluctuate within a reasonable range, and actual transaction volumes remain limited. 

The domestic molybdenum market continues to maintain a strong performance, with market activity remaining high due to the interplay of both bullish and bearish factors, leading to decent transaction volumes. Currently, industry participants are closely monitoring the output from molybdenum mining companies and the pricing and volume of steel tenders.

Analysis of latest tungsten market from Chinatungsten Online

On the first trading day after the National Day holiday, China tungsten prices showed a steady and positive trend. 

Analysis of latest tungsten market from Chinatungsten Online

In the first three quarters of 2024, China's tungsten market showed an overall upward trend with fluctuations, marked by two peaks:

The domestic Chinese rare earth market continues to operate steadily with a slightly upward trend. Currently, the prices of neodymium oxide, terbium oxide, and dysprosium oxide have increased to approximately 435,000 RMB/ton, 6,000 RMB/kg, and 1,790,000 RMB/ton, respectively.

The domestic Chinese molybdenum market remains stable and firm on the first day after the National Day holiday. Although some traders have yet to resume normal trading activities, leading to moderate market activity, many participants are optimistic about the future market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to stabilize, with no significant changes in the supply structure. Demand potential has yet to be fully realized, and resources at the mining level remain tight. 

Analysis of latest tungsten market from Chinatungsten Online

The overall China tungsten price showed a sideways trend in the week ended on Friday, September 27, 2024. 

The domestic rare earth market remains resilient, though downstream demand has fallen short of expectations, limiting any significant price increases. However, ongoing favorable policy measures and strong production cost support have kept suppliers from reducing prices. 

The domestic molybdenum market has remained stable, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder reported at approximately 3,690 yuan per ton, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.