Last week, molybdenum price in China maintained weak adjustment on the whole. Market confidence was hard to be improved due to the weakness in demand. Therefore, market participants were reluctant to trade.

Analysis of latest tungsten market from Chinatungsten Online: This week, domestic tungsten price maintains weak adjustment in the whole. Affected by increasing supply after two sessions in China, market participants raise awareness of avoiding risks, downstream factories and some traders have heavy wait-and-see mentality. Thin market trading will continue.

Rare earth market quotation in China: the latest price of dysprosium oxide, dysprosium oxide and praseodymium neodymium oxide maintains stability due to the unchanged listing prices of large enterprises. 

Affected by the poor performance in steel biddings, molybdenum price in China tends to decline and market trading is thin. Molybdenum concentrate market faces little pressure of stocks, but downstream demand is not improved, thus molybdenum concentrate price would mainly stabilize. 

Tungsten oxide has wide range of applications in photo- and electrochromic devices, photosensitive materials and biomedicine and it has a strong antibacterial effect based on high photocatalytic activity, which may be further increased by UV irradiation and the use of smaller tungsten particles. Therefore, tungsten oxide is currently used as a visible spectrum photocatalyst for wastewater purification. Moreover, tungsten oxide nanoparticles fight against infection and cancer.

Analysis of latest tungsten market from Chinatungsten Online: Due to the recovery of mines production in the second quarter, demand growth is lower than capacity release. Most businesses are negative about the outlook and are not active in trading, so domestic tungsten price is continuing its weak trend.

Rare earth market quotation in China: the latest price of PR ND oxide, praseodymium oxide and lanthanum oxide is unchanged from the previous trading day on sluggish market demand. The unchanged listing prices of molybdenum oxide of Southern Rare Earth Group reflects the attitudes of large enterprises towards market outlook and the deadlocked supply and demand still is hard to be changed.

In the molybdenum concentrate market, the availability of spot goods is tight, so businesses face little pressure of sales and mainly wait for proper price. Steel biddings will soon restart in the ferro molybdenum market, but the quantity of biddings at a relatively low level weakens market confidence, some traders even reduce profits for more transactions.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price has shown a weak trend recently in whole. On the one hand, the continuous weak demand cools purchasers’ enthusiasm in enquiry; on the other hand, downstream factories force prices down due to increasing supply of raw materials. In the short term, high-price transactions are hard to be concluded.

Rare earth market quotation in China: domestic rare earth price is under pressure. D0wnstream factories stay cautious about purchasing and under the sufficient supply of raw materials, market participants plan to purchase at a relatively low price.