Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment as the supply, demand and news sides were quiet in early week. The whole market now is in a stalemate, and downstream buyers try to force prices down owing to low trading activity of terminal market.

Rare earth market quotation in China: domestic rare earth prices continue to rise in the market. The price of praseodymium neodymium oxide fell from 320,000 yuan/ton to 270,000 yuan/ton at the end of April, a decline of 16%, according to the report from Chinese securities. 

The latest prices of molybdenum concentrate, molybdenum disulfide and molybdenum oxide remained unchanged in the Chinese molybdenum market. Due to the good expectations for the supply and cost sides in the tungsten concentrate market, downstream inquiry becomes active and transactions increase accordingly. 

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the tungsten powder and tungsten carbide powder prices declined slightly due to continued weakness in the demand side and no clear guidance from the fundamental. 

Rare earth market quotation in China: the latest prices of DyFe, terbium oxide and dysprosium oxide climb slightly while lanthanum oxide price remains unstable. The rise is mainly due to the tight supply expectations of the market after the limited import of Myanmar mines, coupled with the tough efforts of domestic environmental inspections.

China molybdenum prices maintain stability on the whole due to low enthusiasm of steel biddings and the influence of recent Sino-US tariff issues. Market trading confidence has faded, but under the support of high prices of molybdenum concentrates, smelting manufacturers have rised mentality and stabilize their offer levels. This week, most insiders would wait for the release of new guide prices, environmental protection inspection and Sino-US trading relationship. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate and tungsten powder prices in China remained weak adjustment in the week ended on Friday May 10, affected by the decline in new guide prices from tungsten associations and large companies. 

Rare earth market quotation in China: domestic rare earth prices continue to show different trends. Prices of praseodymium oxide, dysprosium oxide and DyFe decline slightly while lanthanum oxide and cerium oxide edge higher. The rise in the praseodymium oxide and dysprosium markets benefits from the tightening availability of raw materials. At the same time, the price decline is owing to the weak demand in the market. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, molybdenum concentrate and ammonium molybdate rise slightly early in this week, affected by raised offer levels of large mines last week benefited the supply and cost sides of raw materials. Most traders and downstream buyers have good expect for the market, but terminal demand is following slowly. Under the limited spot resources and unstable trading environment, the actual market trading is not active and more insiders take a watchful stance. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in China remained weak adjustment as market confidence of the industry chain was weakened by the decline in new guide prices from large companies and institutions.