Analysis of latest tungsten market from ChinaTungsten Online

China tungsten price continues its weak adjustment in the week to Friday December 20 due to the weakness in both sales and buying. The last round of offer levels from large tungsten enterprises will soon be released and market participants are waiting for the next move in the market.

Rare earth market quotation in China: dysprosium oxide price declines slightly while europium oxide and lanthanum oxide prices maintain stability. Customs in Yunnan Tengchong recovered smooth clearance, which eases tightening expectations of market supply. But customers are still reluctant to stock up before the holiday of New Year’ Day, plus with funds pressure, factories remain low buying interests. For raw material side, most of sellers consider profit-taking. At present, the whole market tends to be weaker. 

Chinese molybdenum prices remained weak adjustment in the week to Friday December 21, affected by capital shortage, quiet trading in the off season and poor performance in steel tenders. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten market price remains weak adjustment on low buying interests and quiet trading atmosphere. Buyers are not active in purchasing due to rare new increased orders while sellers are cautious to low-price sales under environmental protection policy. The market now waits for the next move in large tungsten enterprises. 

Rare earth market quotation in China: domestic rare earth price still keeps stable on Thursday December 20 owing to deadlocked supply and demand, and thin trading volumes. On the one hand, the environmental protection and enterprises stopping production to undergo repair make sellers reluctant to sell products at low prices; on the other hand, capital shortage affects buying interests, plus with continued weakness in the demand side, the whole market trading keeps quiet. 

In the Chinese market, ferromolybdenum and molybdenum concentrate prices declined slightly while molybdenum powder prices kept stable on Thursday December 20. Market confidence now is weak due to low operating rate, thin demand and capital shortage, although the supply and cost sides still offer support for the market. 

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its offer for ammonium metatungstate (APT) at $23,538.5/t in the second half of December, down by $461.5/t from the second half of November. The decline presses on the current stabilization of raw material market. Mainstream tungsten product prices continue to be in the downward trend. 

Rare earth prices in the Chinese market maintain stability in the mid week began on Monday December 19. Affected by the rectification of the rare earth industry, the operating rate of factories is low and market trading keeps quiet. In addition, customers still are cautious to enter the market and prefer low-price resources. Considering the capital pressure and wait-and-see atmosphere in the market, market trading will continue to be thin. 

China molybdenum market is still in a stalemate as a result of sluggish stainless steel industry. As steel mills are not active in purchasing raw materials, prices of steel biddings are under pressure and market confidence is weakened. Some of them even consider profit-taking for more sales to ease pressure of funds while others transfer their stress to the cost side. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten market is caught in heavy wait-and-see atmosphere with the approaching of New Year’ Day and increased financial pressure. Downstream factories remain low interests in stocking up while sales of raw materials become more difficulty. High production costs support mines’ rised mentality.