China’s domestic rare earth price is showing a stable and upward trend on January 6, 2022. In addition to the tight supply of rare earth raw materials has boosted the confidence of holders to raise prices. At the beginning of the new year, many downstream users have increased their initiative to stock up. It also contributes to the increase in product prices.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the upward trend in the last trading week in the year of 2021. First, due to the slight slowdown in the release of raw material production capacity at the end of the year, low-level resources in the market gradually decreased under the strong rised mentality of manufacturers; 

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and bar prices continue to increase on January 6, 2022 as suppliers keep firm offers, boosting market confidence. Besides that, steel mills entered the market to bid for ferromolybdenum after the end of New Year's Day, which also greatly increased the market's trading enthusiasm.

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices continue to increase at the beginning of the year 2022.