Analysis of latest tungsten market from Chinatungsten Online

In the first trading week after the Spring Festival, tungsten prices in China stabilized on the whole as the holiday atmosphere still covers the market. Considering the external trade disputes, terminal demand, new tungsten forecast prices remaining unclear, and expected low trading activity before the Lantern Festival, traders were cautious to offer and inquiry. 

Rare earth market quotation in China: opening this week, rare earth prices remained stable from last week. Although more factories started to resume working and dealers tried to offer price levels, market trading was not active. Under unclear environmental of environmental protection, purchasing and storage, logistics and trading, downstream purchasing is thin and buying interests are low. In the short term, market participants will wait for the next move in listing prices of large enterprises. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, molybdenum concentrate and molybdenum oxide climbed slightly from last week due to tightening availability of molybdenum ores, the rise in prices and quantity of steel tenders and active trading activity. 

The U.S. Department of Internal Affairs recently announced that it will expand domestic production of 35 key minerals, including uranium, tungsten, cobalt, lithium, titanium and rare earths, in order to reduce dependence on foreign imports, especially those produced by China and Russia.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China still maintain stability as logistics transportation and factories have not resumed working completely. In addition, market participants in the whole industry chain mainly take a watchful stance.

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium oxide and cerium oxide are unchanged from the previous trading day due to low trading activity and wait-and-see atmosphere of the market. Upstream market continues to be unwilling to sell at low prices and has high expectations for environmental protection policy. The supply side is tight on the whole. 

China molybdenum prices were stable with good momentum in the week to Friday February 15. After the holiday of Spring Festival, steel mills issued buy tenders for ferro molybdenum and thus prices and quantity of this product tended to increase. 

Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten market was slow in the first trading week after the holiday, with prices stabilized and trading activity limited while Chinese market participants were absent for the Spring Festival Holiday on February 5-11. 

Rare earth market quotation in China: rare earth prices continue to maintain stability returning from the Spring Festival holiday. Although more and more enterprises come back to the market, actual transactions are limited. 

Molybdenum market quotation in China: the latest prices of ferromolybdenum and ammonium molybdate rise slightly while molybdenum powder price remains stable. Returning from the Spring Festival Holiday, miners have limited spot goods, but steel mills issued buy tenders and prices of ferro molybdenum edged higher. Also affected by the rise in international molybdenum prices, market participants now have good expectations for the outlook.