Although transactions of high-price molybdenum concentrate are rare and international molybdenum price falls sharply, Chinese sellers keep stable quotations. Downstream purchasers decide to hold back purchasing because of cost overhang and poor performance in international market. Considering the tightening availability of molybdenum concentrate and some low-price transactions, the raw material market will be in a stalemate in the short term.

For Vietnam’s automobile industry, it is very important to increase the localization ratio and reduce production costs. And as the largest output of mines in the country, could tungsten mines be the springboard for the auto industry?

Analysis of latest tungsten market from Chinatungsten Online: With the rise of tungsten raw material prices earlier this week, transaction prices in China’s market also edge higher, but actual trading volumes still in a relatively low level. This round of rise is boosted by the higher product offers from Ganzhou Tungsten Association and large tungsten enterprises. As a result, the market now has prices but no sales, with higher risks.

Rare earth market quotation in China: domestic rare earth price remains unchanged amid the price of terbium oxide, europium oxide and praseodymium oxide stabilizes. The rigid demand fails to meet market expectations, coupled with sufficient supply of spot goods and without guidance from policy, sellers’ willingness in shipments is stronger than downstream market’s purchasing. In the short term, rare earth price still faces risk of declining.

In China’s molybdenum market, prices remain unchanged, affected by the game between upstream and downstream of industry chain. At present, both sellers and buyers are difficult in selling and quoting, with heavy wait-and-see atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online: After the release of new guide prices from large tungsten enterprises and associations, most market participants in China become more optimistic about the outlook and thus tungsten price shows signs of rise, increasing high-price transactions. Terminal market remains low trading activity, which limits the rise of market price.

Rare earth market quotation in China: the latest price of terbium oxide, neodymium oxide and praseodymium neodymium metal edges lower and europium oxide price remains stability. In the market, there still have no guidance news showing, which further weakens market confidence. Shipment and purchasing are both not active and under the high pressure of supply and demand, thin trading results weak market trend.

Molybdenum price in China continues to maintain stability and the market is caught in wait-and-see atmosphere. At present, steel mills start to call for bids for ferro molybdenum, but the price needs further confirmation. And the environmental protection policy also affects the activity of whole chain of the industry. 

Analysis of latest tungsten market from Chinatungsten Online: Returning from the holiday of Labors Day, the price of tungsten concentrate and APT rose slightly and terminal tungsten powder price also picked up under the continuous increasing of production cost. But considering the rising of tungsten raw material prices and strong rised mentality of enterprises, tungsten price will be in an upward trend this week.

Rare earth market quotation in China: the latest price of neodymium oxide and praseodymium neodymium oxide fell slightly and europium oxide price maintained unchanged, affected by the quiet market news and bad trading atmosphere. The market supply is now sufficient, but the weak terminal demand dampens market participants' enthusiasm. In the short term, traders will wait and see the listing prices of large rare earth enterprises.