Molybdenum market in China: domestic molybdenum price has been remained weak recently on tight supply of mines and rised mentality of sellers. As steel biddings in downstream market perform poorly, sellers keep cautious on stocking up, which presses the rise in market price. The deadlocked supply and demand is hard to ease in the short term, so the market would prefer the long-running transactions.

Analysis of latest tungsten market from Chinatungsten Online: This week, mainstream tungsten quotations in China climb, supported by strong rised mentality in the raw material side. But due to the thin trading in sellers’ market, traders maintain the wait-and-see atmosphere. Before the release of guide prices of this month from large tungsten enterprises and associations, tungsten market will show stable.

Analysis of latest tungsten market from Chinatungsten Online:

Due to the tightening availability of spot goods, domestic tungsten price keeps stable at the beginning of May. Businesses now have strong rised mentality while market demand shows no signs of improvement. Therefore, China’s tungsten market is caught in wait-and-see atmosphere, waiting for the new guide prices.

Rare earth market quotation in China: domestic rare earth price maintains stability on the whole amid the latest price of lanthanum oxide, praseodymium oxide and DyFe is unchanged from the previous trading day. The market trading is thin at present.

Molybdenum price in China keeps stable on the whole as short supply of raw materials weakens enterprises’ willingness in transactions. In the meantime, the good performance in steel biddings last week boosted market mentality, coupled with the support of production cost, businesses keep firm quotation opening this week. 

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten raw material market showed upward trend at the end of April. Under the tight expectation for spot goods, the environmental protection inspection no doubt would reduce the production, but also gives certain support to the market. Downstream customers do not accept high quotations while sellers are not willing to sell at low price. After the Labor Day, tungsten price is expected to rise, but limited by weak demand.

Molybdenum concentrate market in China has performed well recently. 40-45% molybdenum ore is concluded 60 tons at RMB 1,610/t; 45-50% molybdenum concentrate is concluded with price of RMB 1,635/t and quantity of 200 tons. Steel mills’ purchasing in large number stimulates ferromolybdenum manufacturers to enquiry. Under the background, molybdenum mines and traders raised their strong rised mentality.

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