The overall domestic rare earth prices have shown no significant changes on January 24, 2024. With a slightly stagnant atmosphere in negotiations between buyers and sellers, the market activity is relatively low, and the order growth is slow. 

The domestic Chinese molybdenum market is overall operating steadily. Under the influence of various uncertainties, the negotiating atmosphere between supply and demand is slightly stagnant, resulting in a lukewarm market and difficulties in adjusting product prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, tungsten prices continued to maintain stability, with the market's fundamental supply-demand balance being upheld. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to stabilize in the week ended on Friday, January 19, 2024, with a prevailing atmosphere of industry chain negotiations and cautious market sentiment. Market trading activities are not very active, and the overall situation remains stable, with a festive atmosphere building up.

At the beginning of the week, the overall domestic rare earth prices remained stable, mainly due to limited room for suppliers to offer discounts and increased enthusiasm for inquiries and purchases from downstream users. 

At the beginning of the week, the domestic molybdenum market showed relatively positive performance. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have entered a relatively stable phase at the end of the year, with market trends primarily observing the supply and demand fundamentals. 

This week, Chinese rare earth market showed a pattern of initial suppression followed by a rebound. At the beginning of the week, influenced by factors such as weak downstream demand, low market prosperity, and strong initiative from suppliers to ship goods, prices of praseodymium, neodymium, dysprosium, and terbium series products saw a significant decrease. 

This week, China molybdenum price is showing a downward consolidation, primarily due to poor performance in the international molybdenum market, a slowdown in steel mill bidding, and a slight increase in downstream user price pressure. However, due to support from production costs, suppliers have limited room to offer discounts.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continue to remain stable, with resilience observed at the mining end. Intermediate smelters and downstream users face challenges in balancing demand and resource supply costs, leading to a cautious and observant market sentiment. Overall, trading activity remains light.