Rare earth prices in China were mixed in the week ended on Friday May 10. Prices of dysprosium oxide and terbium oxide were stable with good momentum while praseodymium oxide and neodymium oxide prices remained weak adjustment. The rise benefited from the worry of tight supply and the price decline was owing to negative sentiment of downstream buyers. On the whole, the long-term environmental protection inspection would support the cost side, and market prices will be adjusted slightly under different views on the outlook.

Molybdenum prices in China showed good momentum in the week ended on Friday May 10 because increased new offers from large mines boosted market confidence. The molybdenum concentrate market kept firm offers as sellers were reluctant to sell on tightening availability of raw materials. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are under pressure affected by the decline in new average tungsten forecast prices from Ganzhou Tungsten Association and offer levels from listed tungsten companies. As orders for downstream alloy products are in a relatively low level, traders remain low trading activity and transaction prices mainly hover round the new guide prices. 

Rare earth market quotation in China: praseodymium oxide price edged higher while prices of dysprosium oxide and cerium oxide maintained stability as the market is still in the stalemate. For dysprosium and terbium metals, manufacturers try to increase prices under limited upstream demand and stable end-user demand. However, most traders take a watchful stance to the praseodymium and neodymium markets due to thin market trading under cost and demand pressure. 

Molybdenum prices in China remained stable as firm molybdenum concentrate market has driven the rising sentiment of downstream smelting enterprises. With the increase in offer levels of large mines and trading volumes of spot resources, the market has positive feedback on the raw material market. In addition, the environmental supervision limiting production in some regions and factories stopping production to undergo repair raised traders’ rised mentality. Low-price resources are rare at present. 

Analysis of latest tungsten market from Chinatungsten Online

Ganzhou Tungsten Association released its new average tungsten forecast prices for May: wolframite concentrate was $14,531.3/t; ammonium paratungstate (APT) was $256/mtu, down $3.5/mtu compared with last month; medium particle tungsten powder was $35.3/kg, down $0.63/kg from last month. 

Chinese rare earth prices reappeared in a mixed state in the week began on Monday May 6. For medium-heavy rare earths, prices got supported from tight supply and strong rised mentality of traders. But for light rare earth products, market prices tended to drop to the level of production costs. Although most market participants tried to raise their offers under the environmental protection, market transactions were limited. Some of them remain stable sentiment while others reduced product prices for more sales. On the whole, market trading is hard to increase and most insiders would be negative about the outlook.

Molybdenum market quotation in China: the latest prices of ferromolybdenum, molybdenum concentrate and molybdenum oxide rose slightly while sodium molybdate price edged lower in the week on Wednesday May 8. At the beginning of this month, steel mills were active in tender of ferro molybdenum, large miners raised their new offer levels and traders have strong rised mentality. But considering the weak terminal market, market trading did not increase. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are weak early this week on the whole, waiting for new guide prices from institutions and large tungsten companies. At present, the supply and demand is in a stalemate, market inquiry is not active, and downstream buyers purchase based on what they need. Therefore, tungsten market in early May shows no signs of rise and enterprises face pressure from the demand and capital sides. 

Rare earth prices in China continue the stability early this week as the sellers and buyers have different psychological prices for products. In the listing prices of Southern Rare Earth, prices of dysprosium and terbium edged higher, showing signs of good expect for medium and heavy rare earth industry. While the rebound in praseodymium and neodymium products lacked the strong supports from the demand side. The deadlocked cost and demand sides would go on in the short term.