This week, the overall domestic rare earth prices in China continued the significant decline from the previous week. 

This week, China molybdenum prices exhibited a pattern of initial increase followed by a decline. At the beginning of the week, influenced by the reasonable prices for steel purchases and a strong willingness among suppliers to maintain prices, molybdenum prices continued the slight upward trend from the previous week. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price trend is currently stabilizing, and the specific directional news after the New Year is still unclear. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are consolidating, and recent trading activity in the market has been limited. 

The overall focus of Chinese rare earth price has once again significantly shifted downward. 

The overall Chinese molybdenum price has seen further increases, primarily reflected in the continuously rising prices of molybdenum concentrates and the active procurement inquiries from downstream users.

Analysis of latest tungsten market from Chinatungsten Online

The first round of price guidance from China’s Ganzhou Tungsten Association (GTA) and large tungsten enterprises in 2024 has been released, indicating a sideways trend in the tungsten market. 

Analysis of latest tungsten market from Chinatungsten Online

In the first week of 2024, the overall Chinese tungsten prices remained stable, with subdued market sentiment. Operators showed little activity, and suppliers were reluctant to lower prices on the raw material side.

At the beginning of the week, prices of mainstream light and heavy rare earths in China continued to decline. The price of neodymium oxide decreased by approximately 5,000 yuan per ton, the price of gadolinium oxide decreased by approximately 2,000 yuan per ton, and the price of dysprosium oxide decreased by approximately 50,000 yuan per ton. 

At the beginning of the week, the overall situation in the domestic molybdenum market remained positive.