Domestic Chinese rare earth prices continue to decline overall. 

The domestic Chinese molybdenum market has been relatively stable overall, with subdued trading activity and difficulty in updating product prices. This is mainly due to a decrease in downstream user consumption and a reluctance from suppliers to reduce prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued their downward adjustment trend in the middle of July 2024. 

On July 10, 2024, a new antidumping (AD) and countervailing duty (CVD) petition was filed against imports of Tungsten Shot from China. Tungsten shot is used to produce shotgun shot.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stagnant in the week ended on Friday, July 12, 2024, with no significant updates in market fundamentals. Weak demand continues to influence market sentiment, while supply-side attitudes towards selling and cashing out remain divided, suppressing overall transaction focus.

At the start of the week, Chinese rare earth prices showed partial stability with some minor declines. The price of praseodymium-neodymium oxide decreased by approximately 3,000 RMB/ton, terbium oxide by around 50 RMB/kg, and dysprosium-iron alloy by about 20,000 RMB/ton. 

At the beginning of the week, the domestic Chinese molybdenum market maintained stable operations. This was primarily due to increased cautious sentiment among downstream users and generally average performance in the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stagnant, with no significant updates in market fundamentals. Weak demand continues to influence market sentiment, while supply-side attitudes towards selling and cashing out remain divided, suppressing overall transaction focus.

This week, the domestic Chinese rare earth market exhibited mixed trends amid a confluence of bullish and bearish factors. Light and heavy rare earth traders had differing sentiments, with praseodymium and neodymium prices experiencing tentative increases, while dysprosium and terbium prices continued to decline.

Chinese molybdenum prices show initial stability followed by an upward trend in the week ended on Friday, July 12, 2024.