Analysis of latest tungsten market from Chinatungsten Online

A listed tungsten company released its new offer levels for the first half of March: wolframite concentrate (WO3≥55%) was quoted at $15,076.9/t; up $76.9/t from last month; scheelite concentrate (WO3≥55%) was quoted at $14,923.1/t, up $76.9/t; ammonium paratungstate (APT) was quoted at $267.7/mtu; unchanged. 

Rare earth market quotation in China: dysprosium oxide price rose slightly while lanthanum oxide and terbium oxide prices remained unchanged. Pressed by deadlocked supply and demand, praseodymium and neodymium product prices tended to decline while terbium and dysprosium product prices were boosted by tightening availability of imported ores and raised listed prices of large companies. As the whole market has good expects for Chinese environmental protection, but considering the weak demand, rare earth prices may continue to stabilize. 

China molybdenum prices were unchanged in the week ended on Friday March 15. Molybdenum concentrate price kept at a relatively high level due to production of mines was under controlled by environmental protection and Two Sessions. The market trading was more active than other markets. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable due to heavy wait-and-see atmosphere in the market. On the one hand, the supply of raw materials is tight but is expected to increase after the end of Two Sessions; on the other hand, with the consumption of stocks in factories, the demand may increase. 

Rare earth market quotation in China: domestic rare earth price maintains stability on Chinese environmental protection policy, deadlocked supply and demand. Prices of dysprosium and terbium products show signs of rise, boosted by the expectation of tight supply of imported ores and raised listed prices of Southern Rare Earth. While praseodymium and neodymium product prices are pressed by weak demand. 

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum concentrate and ammonium molybdate are unchanged from the previous trading day. Spot resources of molybdenum ores remain tight with strong rised mentality of sellers and rare transactions. 

Analysis of latest tungsten market from Chinatungsten Online

Although the supply of raw material is tight and sellers have strong rised mentality, downstream buyers are not willing to purchase at high prices. Given that, China tungsten prices continue to maintain stability. 

Rare earth market quotation in China: the latest prices of terbium oxide, dysprosium oxide and neodymium oxide edge higher while prices of praseodymium neodymium oxide and metal decline slightly due to the differences in the demand. 

China molybdenum prices are unchanged from last trading day, but show different trends. With the support of tight supply, molybdenum concentrate sellers are reluctant to sell at low prices. ferro molybdenum market waits for the next move in steel tenders and market participants try to avoid risks under deadlocked supply and demand. 

Analysis of latest tungsten market from Chinatungsten Online

Ganzhou Tungsten Association (GTA) has increased its tungsten price forecasts for March in response to the recent rebound in prices, while raising its concerns of a supply shortage because most producers have not yet resumed operations since the Lunar New Year holiday in February.