Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment on Friday August 10, affected by unstable macro economy, muted demand and weak tungsten guide prices. APT prices slid amid more availability and lackluster demand in off-peak season.

Chinese rare earth prices are unchanged from previous trading day on unclear outlook and rare positive news. Affected by weak demand in terminal market, trading activity is slow and sellers reduce prices to move materials in some region. International rare earth prices are falling by 3% to 4% from last month, Japanese media reported.

Molybdenum market in China: molybdenum powder price goes up while molybdenum concentrate declines slightly compared with last trading day. Mines stopping production to undergo repair, steel biddings and other cyclical factors’ influences are reduced to Chinese market and prices seem to fall. Sales increase while trading activity is low in off-peak season.

The latest price of europium oxide, praseodymium oxide and praseodymium neodymium oxide is unchanged from the previous trading day amid lackluster demand and quiet policy side. The Chinese rare earth market is slow this week, with prices stability and trading activity limited. market participants wait and see the newest policy for purchasing and storage.

Chinese molybdenum prices maintain stability on Thursday August 9, with the end of steel tenders and more risks by high prices. Manufacturers decline their offer levels to foreign buyers, although supply tightness of raw materials and production costs give strong supports. Production has not yet recovered completely as most mines are shut down to undergo repair. And muted demand drags upstream market down.

Analysis of latest tungsten market from ChinaTungsten Online

The new round of guide prices were released by large tungsten enterprises earlier in this week, further pressing down Chinese tungsten prices. Considering weakness in terminal demand and thin trading, insiders are generally negative about the outlook. 

Analysis of latest tungsten market from ChinaTungsten Online

Large tungsten enterprises’ guide prices were released, which decline as expected. Affected by that, market confidence was weakened, buyers remained weak buying interests and sellers considered profit-taking to move materials.

Rare earth market quotation in China: europium oxide price maintains stability from last week while praseodymium neodymium metal price declines slightly. Quiet trading activity in Chinese market has pressed down rare earth prices, with a prospect of further falls if policy side remains quiet and terminal demand is weak. Although sellers have strong rised mentality, limited funds of companies lower offer levels. 

Prices of molybdenum powder and molybdenum bar go up compared with last trading day while molybdenum concentrate price remains unchanged. At present, Chinese molybdenum prices hover at a relatively high level and traders can make more profits though sales. 

In 2017, the production of tungsten concentrates is stable, the output of smelting and processing products increase, export trade continues to grow, market demand is gradually recovering, the contradiction between supply and demand continues to improve, the market price rises, economic benefits obviously improve, and the industry continues to be stable and steady.