Analysis of latest tungsten market from ChinaTungsten Online

Under Chinese environmental protection and unstable economic environment at home and abroad, both market stocks and trading volumes are weak. There still remains space for purchasers to demand a lower price and for sellers to keep their firm offers. Insiders now are cautious on the market outlook that lacks supports from the demand side.

Ferromolybdenum and molybdenum oxide prices edged lower while molybdenum powder price remained unchanged in the week to Friday November 9. 

Rare earth market quotation in China: domestic rare earth price continues to be stable in the week to Friday November 9. The market faces grave challenges posed by deadlocked supply and demand. Insiders have mixed mentality, some of them cut their profits for more sales. But unchanged listing prices of Southern Rare Earth stabilize market confidence. Considering quiet policy side, businesses have heavy wait-and-see mood, waiting for new listing prices of Northern Rare Earth. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the week to Wednesday November 7. The new tungsten average prices released on Monday indicate a conservative attitude of large enterprises and institutions and thus supply and demand are still in a stalemate in the market.