Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, tungsten market in China is in a tepid atmosphere. And with the release of basically unchanged guide prices from large tungsten enterprises, the market now maintains stability. Near the Chinese Spring Festival, the pace of trading slows down and the whole market is dealing with the orders at hand.

Rare earth market quotation: rare earth price in China maintains weak adjustment amid the price of praseodymium oxide, neodymium oxide and praseodymium neodymium oxide declines slightly and lanthanum oxide price is unchanged. Insiders though that this week is the last time for enterprises to stock up intensively before the Chinese Spring Festival. The supply and demand in the market now is in a stalemate, and the demand in the downstream market remains weak, thus rare earth market will continue to maintain the current trend.

Molybdenum market quotation: molybdenum price in China is unchanged from the previous trading day as the supply remains tight and demand in the downstream market is not strong. 

Chinese tungsten price has surged more than 50 percent since July, 2017 amid growing concern about supply cutbacks in China, where about 80 per cent of the metal comes from. The Chinese government is carrying the tax law of environmental protection to cut production and curb pollution.

Analysis of latest tungsten market in China from Chinatungsten Online: Market resources in the tungsten market increase while downstream enterprises remain weak demand for raw materials. And with the coming of Chinese Spring Festival, the production line of smelting factories is gradually influenced and market participants mainly wait and see. Therefore, tungsten price in China tend to be stable.

Rare earth market quotation: rare earth price remains stable and businesses maintain a wait-and-see attitude in China. On the one hand, market trading is in a stalemate due to the financial strain at the year-end; on the other hand, downstream factories have adequate inventories, with lower willingness in stocking up. Finally, sellers remain good expectation for the polity and increasing new energy demand. On the whole, the rare earth market is quiet and will continue the trend.

Molybdenum market quotation: international molybdenum price is stable with good momentum, spot goods are relatively tight and some of manufacturers start to send the quotation to Chinese factories. While molybdenum price in China keeps firm, production of raw materials reduces, with fewer high-price transactions.

Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten market was not a strong support, with a stronger bad atmosphere last week. Traders moved fast to sell their products in high price, resulting the sharp decline of tungsten concentrate and APT price. Ferro tungsten, sodium tungstate, tungsten carbide, and tungsten powder prices also fell in a moderate way.

Rare earth market quotation: rare earth price in China continues a steady trend on the whole amid the price of cerium oxide, europium oxide and praseodymium neodymium oxide is unchanged from the previous trading day. Before the Chinese Spring Festival, supply and demand is in a stalemate, some of traders move fast to reduce stocks for more profits and downstream enterprises are stocking up according to their needs. The trading in the market now is thin.

The tight supply of molybdenum concentrate is difficult to be changed in the short term and under the quantity of steel biddings, the rise in price is expected to slow down. For the ferromolybdenum market, as ferromolybdenum manufacturers are expected to cut production by 30 percent, market supply and demand will reduce. And under the high production costs, the price this week will continue to rise.