Rare earth price in Chinese market maintains stability from last trading day. Buyers and sellers have different psychological prices. As a result, trading volumes are difficult to increase. Considering heavy wait-and-see atmosphere in upstream and downstream of the industry chain, rare earth price is expected to stabilize in the short term. 

The China molybdenum market declined Tuesday as a production increase after environmental checks ends made sellers cut product profits to move materials. Ferromolybdenum manufacturers dropped offer levels when prices of steel biddings retreated. At present, customers remain low willing in purchasing; supply and demand are in a stalemate. 

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Analysis of latest tungsten market from ChinaTungsten Online

A lack of demand for tungsten concentrate drags down prices in China. Affected by environmental protection policy supporting supply and cost sides, sellers are reluctant to cut profits for more sales. Offer levels range slightly, but market trading is in a stalemate. 

Rare earth market quotation in China: domestic rare earth price continues its downward trend earlier in this week with deadlocked supply and demand, and unstable macroeconomic situation. Major market participants remain low buying interests, waiting and seeing environmental protection policy. Northern Rare Earth’s listing prices for rare earth oxide fell on last Friday.

Molybdenum prices in Chinese market start to fall earlier in this week. Molybdenum raw material prices went up in previous stage with a very strong market speculation atmosphere, but mines resuming work and declining prices in steel tenders slow down uptrend.  

Recently, the guidance price of tungsten products which is published by some regional association (ex. Ganzhou Tungsten Industry Association) and enterprises (ex. Chongyi Zhangyuan Tungsten Co., Ltd) falls significantly.

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“President Xi has declared that core technology cannot be bought or be begged for. The innovation of technology requires a road not taken. Xi called for courage to explore the uncharted courses and realize the goal that key and core technologies are self-developed and controllable. The initiatives of innovation and development must be securely kept in our own hands.” ---- A CCTV journalist has quoted the speech of president when he summed up in the program of Xiamen Tungsten Industry Development.