Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices remain weak adjustment in Chinese market owing to the continuous weak demand and thin trading volumes. Market participants tend to be pessimistic about the outlook at present. 

Rare earth market quotation in China: domestic rare earth price has been maintained stability since September on the quiet news of policy and fundamentals. Under environmental checks and deadlocked supply and demand, buyers and sellers mainly wait and see. The whole trading atmosphere is thin at present. 

Chinese molybdenum prices are unchanged from the previous trading day. Although mines start to resume work, the supply of raw materials benefits the market and sellers keep firm offers. In the traditional peak season, downstream factories remain low buying interests and steel tenders perform poorly. The weakness in demand weakens market confidence. 

It has been one month since I started my internship in Chinatungsten Online, Xiamen. It is a great pleasure to gain this experience during my last summer holiday. I started my one-month internship in Chinatungsten Online from July 5th until August 10th.

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten’s tungsten forecast prices for ammonium metatungstate (APT) was $274.70 per mtu, down $5.2 per mtu compared with August. The decline further weakened market confidence and businesses were more cautious on adjusting offer levels. 

Rare earth market quotation in China: the latest price of praseodymium oxide, lanthanum oxide and praseodymium neodymium metal maintains stability in Chinese market. The environmental checks and firm offer levels of factories make market inventories reduce and thus sellers have willing to raise product prices. But considering purchasers’ low willingness in stocking up, market trading is still thin. 

Mines in Chinese major molybdenum production areas have been resumed works and traders come back to European market recently. Affected by that, prices of molybdenum powder and molybdenum concentrate remain unchanged while molybdenum bar price edges higher. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment earlier in this week as the market is caught in heavy wait-and-see atmosphere. Affected by environmental checks reducing production, high production costs, weak demand and finance strain, insiders have not high expectation for the outlook. Most companies now are waiting for the new forecast prices from institutions. 

Rare earth market quotation in China: domestic rare earth price shows signs of rise, but actual transaction prices maintain stability. The operating rate of factories is low in the market and sellers have strong rised mentality with the support of supply and cost sides. Considering the thin trading volumes, China rare earth price will tend to stabilize. 

The latest prices of molybdenum powder, molybdenum bar and ammonium heptamolvbdate are unchanged from the previous trading day on quiet trading activity in Chinese market.