Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continued the weakness in the week began on April 8 as tungsten institutions and large companies declined their new guide prices for the first half of April one from another, further weakening market confidence. 

Chinese rare earth prices still show different trends in the week ended at Friday April 12. Prices of heavy rare earths such as dysprosium and terbium products maintained at a relatively high levels on strong rised mentality of sellers under expectation of tight supply; while praseodymium, neodymium and other light rare earth product prices edge lower because terminal buyers have not high enthusiasm in purchasing. As the industry may benefit from the environmental protection policy, the market would stabilize in the short term. 

China molybdenum prices maintained stability in the first half of April. For the raw material market, miners have good sentiment with the support of tight supply and molybdenum concentrate price keeps at a relatively high level. Although trading atmosphere is quiet affected by weak demand, market participants have good expectations for the outlook under Chinese environmental protection policy. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were unchanged from the previous trading day on Wednesday April 10. The market confidence is an important factor determining the short-term demand. At present, thin market trading shows relatively negative sentiment of dealers. If the supply of raw materials and production costs keep steady, mainstream tungsten product prices would not be adjusted largely.

Rare earth market quotation in China: domestic rare earth prices continue to show differences. Prices of praseodymium neodymium oxide and praseodymium neodymium metal edge lower while europium oxide price stabilizes. The supply in the industry chain is the main factor affecting price trends.

Molybdenum market quotation in China: the latest prices of molybdenum powder, ferro molybdenum and molybdenum concentrate are unchanged from the previous trading day under the deadlocked supply and demand. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remained weak adjustment mainly owing to the continued weakness in the demand side and the decline in new guide prices of large companies and institutions. Considering weakened market confidence and low trading activity, tungsten market is expected to continue the current situation. 

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium oxide and praseodymium neodymium oxide decline slightly on Wednesday April 10 as thin market trading weakens traders’ confidence. For medium-molecular-weight rare earth products, their prices show signs of rise boosted by the increase in listed prices of Southern Rare Earth and banned import of Myanmar mines reducing raw material supply.

Chinese molybdenum prices remain stable on Wednesday April 9 due to heavy wait-and-see atmosphere in the market. For molybdenum raw material side, manufacturers have good sentiment because of limited production of mines and thus they tend to remain high offer levels. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to be weak in the first trading day after the holiday of Qingming Festival as tungsten institutions and large companies declined their guide prices for the first half of April, weakening market confidence.