Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China edged higher in the week ended on Friday May 22, 2020 due to tight supply of spot resources and high production costs. But affected by persistent weakness in the demand side and continued spread of coronavirus besides China, market transactions were hardly concluded. 

Rare earth market quotation in China: the prices of terbium oxide and dysprosium oxide rise slightly while praseodymium oxide price remains unchanged on May 25, 2020. 

Molybdenum price in China maintains stability on May 25, 2020 compared with last week on quiet market trading and cautious sentiment of market participants. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China continue to show signs of rise because raw material sellers have strong rised mentality despite of the weakness in the demand side. Now, most market participants are focusing on the new guide prices from the market. 

Rare earth market quotation in China: the prices of praseodymium oxide and praseodymium neodymium oxide declined slightly while dysprosium oxide and terbium oxide prices edged higher in the week ended on Friday May 22 when the market was in uncertainty. 

Molybdenum market quotation in China: the ferro molybdenum, molybdenum concentrate and molybdenum oxide prices declined slightly in the week ended on Friday May 22, 2020 under many uncertainties with the impact of COVID-19. 

Analysis of latest tungsten market from Chinatungsten Online

Weak consumer demand continued to put downward pressure on ammonium paratungstate (APT) and ferro tungsten prices in the week began on Monday May 18, 2020. 

China’s tungsten concentrate prices continue to strengthen amid tight supply from mining companies. The price increases for the raw material have also triggered higher offers for ammonium paratungstate (APT) but downstream tungsten powder and alloy consumers are resisting them amid weak economic conditions, resulting in a stalemate.

Rare earth market quotation in China: terbium oxide, praseodymium oxide and praseodymium and neodymium metal prices continue to rise despite downstream buyers try to seek lower prices. Market trading is limited and most market participants are focusing on the impact of Two Sessions for the market. 

The latest prices of ammonium molybdate, molybdenum concentrate and molybdenum powder remained weak adjustment in the Chinese market. Due to the shortage of molybdenum concentrate stocks in the early stage and the concentrated bidding of steel companies, the prices of most molybdenum chemical products kept rising, but with the gradual weakening of downstream users' consumption power, suppliers' offers fell rationally, aiming to alleviate the imbalance between supply and demand.