Analysis of latest tungsten market from Chinatungsten Online

In the Chinese tungsten market, the first guide prices for 2019 from institutions and large tungsten enterprises dropped slightly, but are in line with current market trend, supporting raw material market. Short-term tungsten prices are expected to hover around the new offer levels before the demand side becomes active.

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal edge lower compared with last trading day as insiders are caught in wait-and-see atmosphere. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, ammonium molybdate, ammonium heptamolvbdate and molybdenum oxide decline slightly as large molybdenum miners lowered their offer levels. It was reported that the 50-55% molybdenum concentrate of Yichun Luming Minng is quoted at 1600-1630 yuan/ton. 

Rare earth market quotation in China: domestic rare earth price is unchanged from the previous trading day due to quiet trading atmosphere and weak market confidence. 

China molybdenum prices continue the downward trend as downstream stainless steel mills remain low buying appetite. The decline in prices of steel biddings also lowers transaction prices of molybdenum ores, weakening supports of costs for raw material products. 

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Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten market was slow over the past week ended at Friday January 4, with prices down and trading activity limited while Chinese market participants were absent for the holiday of New Year’s Day on Monday-Tuesday December 31, 2018-January 1, 2019. 

Rare earth market quotation in China: domestic rare earth prices continue to be stable in the week began in January 7 as the supply and demand is in a stalemate. Before the holiday of Chinese New Year, factories stopping production to undergo repair, replenishment of downstream enterprises, logistics adjustment and environmental protection need to be further confirmed and thus market participants mainly take a watchful stance in the short term. 

Ferro molybdenum price drops slightly while molybdenum powder and ammonium molybdate prices remain unchanged in the week began January 7 in China, affected by pessimistic sentiment of downstream customers. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices maintain stability in the week to Friday January 4 as the market lacks effective guidance before the release of new guide prices from institutions and large tungsten companies. Most companies now take watchful stance.