Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten prices keep stable compared with last week. Average tungsten prices from Ganzhou Tungsten Associations and forecast prices for earlier November from large enterprises will soon be released and thus the whole market is caught in wait-and-see atmosphere. 

Chinese molybdenum prices maintain stability in the week to Tuesday November 6. Market sentiment tends to rationality when favorable factors of environmental protection and steel biddings come to an end. 

The latest prices of praseodymium oxide, neodymium oxide and praseodymium neodymium metal maintain stability in Chinese market. MIIT’s rearrangement for rare earth industry boosts market confidence and sellers raised their rised mentality, but the demand side is still weak. Considering uncertain policy for purchasing and storage and high stocks, buyers and sellers in the market mainly wait and see. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment in the week to Friday November 2. The environmental protection becomes stricter reducing production of raw materials and limiting customers’ consumption. Bad trading atmosphere pressed down mainstream tungsten prices. Before the clear new tungsten guide prices, sale and purchase will be in a stalemate.