Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain steady and firm as the Chinese New Year approaches. Reports of holiday shutdowns and maintenance at mines have tightened supply, providing strong market support. However, weak demand and cautious consumer sentiment have limited new orders, leading to a slowdown in overall market activity.

Chinese rare earth prices have continued to edge upward, with neodymium oxide prices increasing by approximately 4,000 yuan/ton, praseodymium-neodymium metal prices rising by about 1,000 yuan/ton, terbium oxide prices climbing by roughly 1,000 yuan/kg, and dysprosium oxide prices up by about 10,000 yuan/ton. 

The Chinese molybdenum market remains stable, with supply and demand relatively balanced and no significant positive developments in the market. Trading sentiment is somewhat stagnant, leading to average transaction levels. Market participants are focused on when the current stalemate might end.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable as the market balanced tight supply and demand with a complex macroeconomic and geopolitical environment. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices exhibited a steady upward trend in the week ended on Friday, January 10, 2025, 

At the beginning of the week, the domestic rare earth market performed poorly, mainly due to the persistent issue of strong supply and weak demand. The prices of praseodymium-neodymium metal, terbium oxide, and holmium oxide remained stable at approximately 494,000 CNY/ton, 5,800 CNY/kg, and 415,000 CNY/ton, respectively.

At the beginning of the week, the domestic molybdenum market remained in a stalemate, with traders showing moderate enthusiasm for market operations and negotiations being somewhat active, resulting in a slow increase in orders.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains primarily stable as the Chinese New Year approaches. 

This week, the domestic rare earth market exhibited a trend of initial decline followed by a rebound. 

This week, the domestic molybdenum market performed relatively well.