Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continued to remain unchanged from last week. On the one hand, the decline in new offer levels from listed tungsten companies weakens market confidence; on the other hand, affected by weak terminal demand, market trading atmosphere is quiet. 

Rare earth market quotation in China: domestic rare earth prices continue to show different trends. Prices of terbium oxide and other heavy rare earth products climb slightly benefiting from the expectation of tight supply. But some market participants expressed that Myanmar's rare earth import ban is short-lived, and the market's continued marketability still rely on overall performance of supply and demand in the market. Praseodymium neodymium oxide and other light rare earth products prices edge lower as the market remains low trading activity.  

Molybdenum prices in China start to show signs of differences. For molybdenum concentrate market, prices tend to stabilize but market trading seems hard to increase on the weakness in the terminal side. Steel mills are cautious to the biddings, which increase smelting factories’ reliance on molybdenum ore costs. Ferro molybdenum prices are in a stalemate. On the whole, the market is caught in wait-and-see atmosphere. 

In the first quarter performance statement of Xiamen Tungsten Co.,Limited, the operating revenue is ￥3.814 billion, increases 11.68% compared to the same period of the last year. 

News from the natural resource department, according to the report of foreign media, Australia published <Australia Key Minerals Strategy 2019> recently. It aims to become a major mineral supply country supporting the development of agriculture, aerospace, national defense, renewable energy and communication industries, and become the world's leading major mineral exploration, development, production and processing country.

Molybdenum is a trace element of life required by living organisms. Molybdenum deficiency in the human body can cause a series of diseases, such as Keshan disease, kidney stones, Kashin-Beck disease, high blood pressure and diabetes. In particular, the lack of molybdenum can lead to an increase in the incidence of cancer.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to remain weak adjustment as new guide prices from large tungsten companies declined slightly, showing negative sentiment of market participants. Under the thin market trading, the market now is caught in heavy wait-and-see atmosphere. 

Rare earth market quotation in China: praseodymium oxide price declines slightly while prices of lanthanum oxide and praseodymium neodymium metal keep stable. Opening this week, Southern Rare Earth rose the listed prices. Affected by that, heavy rare earth prices have been remained firm. For praseodymium and neodymium products, their prices show signs of decline on continued weak demand. 

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum bar and molybdenum oxide maintain stability on firm raw material markets but weak demand side. Under Chinese environmental protection inspection and tightening availability of spot goods, molybdenum concentrate price keeps steadily; the new round of steel tenders seem to fail to meet market expectations, pressing smelting factories, but prices stabilize. Offers in the molybdenum chemical and product markets keep stable, affected by the stabilization in raw material markets.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, China tungsten prices were unchanged from last week as market participants are waiting for new guide prices for the second half of April from lised tungsten companies.