China rare earth prices showed a fluctuating upward pattern on May 17, 2023, mainly reflected in the slight rise of the prices of praseodymium neodymium oxide, gadolinium oxide and dysprosium iron alloy to about 465,000 yuan/ton, 272,000 yuan/ton and 1,930,000 yuan/ton respectively. 

Chinese molybdenum market remains stable on the whole on May 17, 2023 mainly due to the general demand of downstream users and the low willingness of suppliers to cut prices and ship goods. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remain stable at the beginning of the week because the market is still in a stalemate, plus with the impact of the weak recovery of the global economic momentum, the whole market trading is weak. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday, May 12, 2023 but actual transaction prices declined slightly because the rising market on the raw material side has not been responded by downstream customers.

At the beginning of the week, China rare earth price remained stable on the whole, with some rising slightly, mainly due to the fact that downstream users basically maintained just-needed replenishment and some spot supplies in the market had tightened. 

At the beginning of the week, China molybdenum price showed a pattern of bottoming out and rebounding, mainly due to the increasing enthusiasm of downstream users for inquiries and purchases. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market keeps quiet on May 11, 2023 as the demand side does not become active and most raw material suppliers consider profit-taking. 

China rare earth market was mixed in the week ended on Friday, May 12, 2023. Under the interweaving of negative and positive factors, the price trends of light rare earth, heavy rare earth and their permanent magnet materials have some divergences, that is, the market of praseodymium and neodymium rises first and then stabilizes, and the market of dysprosium and terbium goes up and down while the NdFeB blank market maintained stable operation.

China molybdenum price showed a downward trend as a whole in the week ended on Friday, May 12, 2023, mainly due to the strong sentiment of buyers to suppress prices, the strong awareness of many suppliers to take profits, and the limited driving ability of the international molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices continue to be stable on May 10, 2023 affected by the relative tight supply of raw materials but continued weakness in the demand side.