The trading in the raw material market is expected to reduce as downstream smelting factories, molybdenum chemical and products enterprises are gradually finishing their stocking. The short supply in the molybdenum concentrate market is continuing. Meanwhile, due to high international molybdenum raw material price, Chinese enterprises turn to domestic market, which is good for the mentality of miners. Chinatungsten Online forecasts that molybdenum price is expected to stabilize before the Chinese Spring Festival.

Analysis of latest tungsten market in China from Chinatungsten Online: The whole Chinese tungsten market remained tepid last week amid the price stabilized and tungsten enterprises have low willingness in trading. Most transactions now mainly come from the trading market and this period is considered as a proper time for enterprises to stock up due to the stability of tungsten price.

Rare earth market quotation: the latest price of terbium oxide, europium oxide and cerium oxide remains stable. with the approaching of Chinese Spring Festival, the production line and expresses are greatly influenced. Although downstream enterprises become active in enquiry and have strong willingness in stocking up, market trading is thin on the whole. Coupled with the quiet policy from the government, rare earth market in China is caught in wait-and-see atmosphere.

This week, tight supply of molybdenum raw materials may continue in China and outside China, and manufacturers will maintain good mentality. Though downstream enterprises have no plan for purchasing raw material, production companies would not reduce product prices. 

Tungsten price remains the same price as the previous trading day, but market trading reduces. Most tungsten enterprises are not interested in participating in the market at the end of the January while part of trading companies replenishes their inventories.

Rare earth market quotation: rare earth price in China is unchanged from the previous trading day as the market trading is quiet and businesses are showing cautiousness. Buyers remain rigid demand while sellers are positive about the influence of environmental protection and market demand. Under the deadlocked supply and demand, short-term rare earth price will continue to maintain current trend.

In Chinese molybdenum market, raw material supply is still tight, operating rate of mines is hard to increase in the short term and some trading companies who have strong willingness in shipments basically finish their annual sell target. As a result, molybdenum concentrate goods are limited at present. Steel biddings performing poorly weakens ferro molybdenum enterprises’ confidence and thus buy orders decrease. 

Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten price remains tight balance on whole after a period of decline in the middle of January. Affected by the environmental protection policy and tight supply of mines, the operating rate of smelting factories is low and supply and demand is in a stalemate. With the approaching of Chinese Spring Chinese, buyers become active in stocking up, which is expected to send price rise.

Rare earth market quotation: the latest price of rare earth price in China remains stability as the supply and demand is in a stalemate. Sellers have good expectations for the purchasing and storage of State Reserve Bureau and the environmental protection policy after the Chinese holiday. ganzhou province is taking effective efforts to recover and manage the abandoned rare earth mines left over from history in order to fully carry on the Central Environmental Inspectorate Group’s correction works in environmental protection.

International molybdenum price continues to climb due to the strong demand, enhancing market price in China. The price in China is also rising in a moderate way, including ammonium heptamolvbdate, sodium molybdate and ferro molybdenum.