The prices of molybdenum powder, ammonium molybdate and ammonium heptamolvbdate dropped slightly in the week to Friday December 14 due to continued weakness in steel tenders and pressure of demand and funds. Enterprises have maintained cautious attitude toward the market and cut their profits for more sales recently.

The latest prices of neodymium oxide, praseodymium oxide and praseodymium neodymium oxide maintain stability in the Chinese market when the tight supply raised enterprises’ rised mentality. But considering the continued weakness in terminal side, actual transaction prices are hard to rise. Besides, policy for storage and purchasing remains quite and supply and demand is in a stalemate. In the short term, rare earth price will mainly stabilize. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the midweek as terminal demand still limits the price rebound. Downstream factories’ ability for consuming raw material decreases and thus market trading is thin. In the short term, prices of mainstream tungsten products will continue the downward trend.

Chinese molybdenum prices continued the weakness, affected by thin trading in the ferromolybdenum market. Molybdenum concentrate manufacturers have strong rised mentality as many factories stop production to undergo repair in winter, but actual transaction prices seem to be edged lower. The whole market now is caught in wait-and-see atmosphere.