Molybdenum raw material supply and terminal demand refuse to budge, traders hold different views toward on the afternoon market, coupled with prices of steel biddings fail to meet market expectations and cost overhang of ferro molybdenum manufacturers, molybdenum price in China maintains stability this week.

Analysis of latest tungsten market from Chinatungsten Online: Affected by the stricter environmental protection inspections, many manufacturers in China’s major tungsten production regions stop production to undergo repair and thus market supply of tungsten related products are short. While the demand side does not follow up closely, it is hard for both purchase and selling. Smelting factories have not yet decided when they will start production.

Rare earth market quotation in China: domestic rare earth price still remains unchanged from the previous trading day amid the price of praseodymium neodymium related products rises slightly. At present, trades mainly hold wait-and-see mentality for the afternoon market. 

Chinese molybdenum price remains weak adjustment this week as prices in the new round of steel biddings show no signs of rise, which greatly influences the mentality of manufacturers. 

Analysis of latest tungsten market from Chinatungsten Online: The forecast average prices for the second half of May were released by large tungsten enterprises on Tuesday, which basically meets the expectations of businesses. The rise or decline is gentle for tungsten market, showing large enterprises’ conservative attitudes on market expectations.

Trading atmosphere gets better in Chinese rare earth market, benefiting from the rising of listing prices of Southern Rare Earth Group amid terbium related products climbed by 0.57 percent. The move surely boost market confidence of sellers, together with downstream manufacturers intend to enter the market, rare earth price in China shows signs rise. The latest price of praseodymium oxide, terbium oxide and europium oxide remains unchanged.

Chinese molybdenum prices are unchanged on heavy wait-and-see atmosphere in the market due to the new round of steel biddings. In the molybdenum concentrate market, spot goods are tight, terminal demand remains weak and sellers are reluctant to sell. For ferro molybdenum market, production costs and demand refuse to budge in the whole industry chain and manufacturers are focusing on the coming of new steel biddings, so the market remains quiet. 

Analysis of latest tungsten market from ChinaTungsten Online: Affected by the environmental checks resulting in instability of industry chain, the operating rate of APT smelting factories lowers further, which influences the consumption of tungsten ores and supply for downstream market directly. 

Rare earth market quotation in China: the latest price of molybdenum bar, PR ND oxide and molybdenum oxide maintains stability on continuous deadlocked supply and demand. The whole industry chain is now cautious, waiting for the listing prices of large rare earth enterprises and policy news. Downstream market makes inquiry mainly depending on rigid demand. This week, Chinese rare earth price will maintain the current market trend.

Chinese molybdenum prices show stable on the whole amid the price of sodium molybdate, ammonium heptamolvbdate and molybdenum powder is unchanged from the previous trading day.