China rare earth price was in the downward trend in the week ended on Friday September 11, 2020. Both the supply and demand sides were facing greater pressure, which made it difficult to reach an agreement in the negotiations.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are kept in a relative high level in the wake of a slight rise in the new guide prices from tungsten institutions. In the short term, the market tends to stabilize. 

China ferro molybdenum, molybdenum concentrate and molybdenum powder prices were in the upward trend in the week ended on Friday September 11, 2020 thanks to active trading activity and good sentiment of market participants.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices in China are unchanged from the previous trading day on September 10, 2020, keeping in line with the new guide prices from listed tungsten companies. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to decline affected by many uncertainties in the market. 

The ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in the Chinese market are in the upward trend thanks to active inquiry and good market confidence. However, some of insiders still worry about the outlook and keep focusing on quantity and price of steel tenders as well as import and export markets. 

Ningxia has discovered 660,000 Mu of molybdenum-rich land and 109,000 Mu of selenium-rich land in Yuanzhou District, Guyuan City, according to the Hohhot Natural Resources Comprehensive Investigation Center of China Geological Survey. This achievement will provide an important basis for the local development of characteristic agriculture and help Liupanshan's concentrated and contiguous destitute areas to win the battle against poverty.

Carrying CATL batteries, China's first diesel-electric hybrid cruise ship "DA WAN QU YI HAO" was officially put into operation at Shenzhen Shekou Cruise Homeport, on September 1.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is supported by the rise in new average tungsten forecast prices from listed tungsten companies and tungsten associations. Sellers have strong rised mentalty and the demand side signs sign of recovery.

Rare earth market quotation in China: europium oxide, lanthanum oxide and praseodymium and neodymium metal prices remain weak adjustment in early September, 2020 because end users do not accept current level of resources. At the meantime, upstream businesses intend to sell at high prices due to high production costs.