Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices maintained stability in the week began on Monday May 27 as the market outlook is still unclear in the short term. In the tungsten market, buyers’ expects for terminal demand, trading environment at home and abroad, solutions of inventories in Fanya Metal remain uncertain, and thus they are not active in stocking up. 

Rare earth market quotation in China: rare earth prices have gradually returned to stabilize when market mentality becomes more rational after the ban on imports from Myanmar and the visit of rare earth enterprises of central leaders. Insiders pointed out that domestic environmental protection inspections are not diminished, coupled with the rectification of the order of the rare earth industry, Myanmar's restrictions on exports, the supply is greatly reduced, and that would be a certain positive support for the industry. 

Molybdenum market quotation in China: the latest prices of molybdenum oxide, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day. In the molybdenum concentrate market, the supply from mines is limited, so the availability of raw materials remains tight, coupled with stabilized offers from large tungsten companies, prices in the raw material side keep at a relatively high level. 

Thousands of miners scoured underground tunnels for cobalt in sunny and dusty areas of southern Congo. Many of them work by hand in the hope of earning a living from the meagre wages offered by the mining site. They are called "human diggers" (reported by American journalist Todd C. Frankel, Photography by Lena Mucha, a German journalist, translated by tungsten online).

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable in the week ended on Friday May 24 as transactions were hardly concluded despite stabilized offer levels and large tungsten companies reducing production reduced the bidding for more sales. Currently, main factor that impacts product prices greatly is the relationship between supply and demand. 

China rare earth prices continue to climb but tend to show signs of stabilization compared with last week. The rapid rise and fall in China’s rare earth stock market in the short period of time has tested the market confidence greatly. In addition, downstream buyers also are cautious when product prices are at a relatively high level. But on the whole, under environmental checks, the ban on imports of rare earth mines in Myanmar and additional tariffs on some rare earth products from China to the United States in early June, the rare earth market is still optimistic.

China molybdenum prices tend to stabilize, but the decline in international molybdenum prices and new prices of domestic steel tenders weaken confidence of smelting factories. For molybdenum concentrate market, miners slow down the pace of production and sellers maintain their rised mentality, so low-price resources are hardly got at present.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to maintain stability as the market is still in a stalemate. Although environmental checks and tungsten factories reducing production raised insider’s confidence, the weak demand side and unstable economic environment also made purchasers cautious to trade. 

China rare earth prices rose sharply in the week ended on Friday May 24 on good expectations for the outlook. The Myanmar rare earth mines were forbidden to enter China, the state leaders inspected major rare earth production areas, plus with long-term positive effects of environmental inspections and the optimistic expectations of downstream permanent magnet industry for raw material demand, the market was caught in speculation atmosphere. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, molybdenum concentrate and molybdenum powder maintained stability in the week ended on Friday May 24. On the one hand, most participants remained cautious sentiment on unstable trading environment and declined international molybdenum prices. On the other hand, insiders showed different attitudes toward market trend on unclear guide prices from steel tenders.