Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable on Tuesday April 30. With the approaching of May Day holiday, the deadlocked situation of supply and demand is continuing and trading atmosphere is quiet as buyers and sellers have different psychological prices for products. Downstream factories are cautious to purchase and mainly seeking for low-price resources. Under the firm tungsten ore prices, low-price goods are hardly got. 

Rare earth market quotation in China: rare earth prices in the Chinese market continue to show different trends in April. For light rare earth products, market prices start to show signs of rebound with the support of environmental protection inspection and high production cost. Sellers are reluctant to sell their products at low prices. For heavy rare earth products, the limited import of Myanmar mines and good expectation for the market boost their prices. 

China molybdenum prices remained stable before the holiday of May Day on good sentiment of traders. In the molybdenum concentrate market, sellers still have strong rised mentality due to tight supply, but considering the pressure of weak demand, tungsten concentrate price continues to stabilize, and traders are waiting for new offers from large mines. 

According to foreign media reports, trade in China's tungsten market has been quiet in the past week, with prices falling and trading activities limited. It is understood that the European market assessed the price of tungsten concentrate on April 4 at US$17,419-17,577 per ton, down by US$1,000 from the previous week.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment in the week ended at Friday April 26 as declined new offer levels of listed tungsten companies weakened market confidence. With the support of the cost side, the price adjustment is limited. And under deadlocked supply and demand, and thin trading, market participants remained unclear views for the outlook. 

Rare earth market quotation in China: rare earth price remains stable early in this week as the market is caught in wait-and-see atmosphere with the approaching of May Day. On the one hand, the import of Myanmar rare earth mines was banned and the impact on the price would be revealed in May; on the other hand, stricter environmental protection inspection is easing the deadlocked relationship between supply and demand. 

Opening this week, molybdenum prices in the Chinese market showed stabilization as good performance in steel tenders boosted market confidence to some extent. With the approaching of Labour Day, the pressure of price inversion in the ferro molybdenum market eased slightly, plus with stabilized molybdenum ore prices, downstream product prices `kept steady. However, terminal demand keeps quiet and the market would be caught in wait-and-see atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is caught in heavy wait-and-see atmosphere on quiet fundamental news and thin market trading. Most buyers have not the willingness in stocking up while upstream suppliers also are reluctant to sell their products at low prices. Therefore, the upstream and downstream is in a stalemate. 

Rare earth market quotation in China: domestic rare earth prices showed different trends in the week began on Monday April 26. As the deadlocked relationship in the light rare earth markets are hard to be eased in the short term, prices of praseodymium and neodymium products have been remained at a relatively low level. Under environmental protection policy reducing production in mines, traders are optimistic about the outlook and thus heavy rare earth prices are in the upward trend. 

China molybdenum prices remained stable in the week ended on Friday April 26. Affected by the delay in the release of tenders from steel mills, traders became less active in trading, and smelting factories faced pressure from downstream weakness demand and high costs of raw materials. But the increase in mainstream steel bidding prices boosted market confidence.