After the National Day holiday, Chinese rare earth prices have shown a pattern of first rising, then declining, and stabilizing again.

After the National Day holiday, Chinese molybdenum prices have continued their downward trend, with the rate of decline increasing day by day.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is currently stable, with the market trading weakly, and the sentiment remains subdued. Smelters have not operated at high capacity, and the demand momentum in downstream sectors such as alloys is insufficient. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain stable because the post-holiday market demand has been mediocre, coupled with the lackluster feedback from institutions and large tungsten enterprises regarding their pricing, resulting in a lack of overall market momentum. 

Rare earth market quotation in China: terbium oxide and dysprosium oxide prices decline slightly while praseodymium oxide price keeps stable on October 11, 2023. 

China’s domestic molybdenum market continues to show a downward trend on October 11, 2023. In addition to the accelerated decline in international molybdenum oxide and European ferromolybdenum prices, as well as poor performance in the steel procurement market, a major reason for the declining confidence of many holders is the price reduction by the large molybdenum mine, Yichun Luming.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price shows weakness, with bearish sentiments primarily driven by sluggish demand from the demand side, and post-holiday restocking expectations not yet fully realized. 

Analysis of latest tungsten market from Chinatungsten Online

The latest round of quotations from China’s major tungsten enterprises has been released, reflecting a slightly weaker tone amid a stable market, indicating a stalemate in the market. 

Market Trends in the Chinese Rare Earth Market on October 9, 2023

At the beginning of the week, the domestic rare earth market in China remained stable overall.

Market Trends in the Chinese Molybdenum Market on October 9, 2023

At the beginning of the week, the domestic molybdenum market in China continued its relatively weak performance, as the sentiments of both buyers and sellers remained subdued following the end of the National Day holiday.