The latest prices of terbium oxide, praseodymium oxide and praseodymium neodymium metal maintain stability compared with last trading day owing to unclear guides from the market. Affected by Chinese environmental inspection, the supply of raw materials reduces and downstream factories’ operating rate is low. The demand for raw materials is weak. Buyers and sellers now have different expectations for price trend. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment last week to Friday September 7, affected by environmental protection policy, deadlocked supply and demand and lowered tungsten guide prices from Ganzhou Tungsten and tungsten institutions. 

The latest prices of molybdenum powder, molybdenum oxide and molybdenum bar are unchanged from the previous trading day. Although factories’ operating rate increases, spot goods in the molybdenum raw material market remain tight. Enterprises have relatively good mentality in Chinese market.

Rare earth market quotation in China: domestic rare earth price continued its stability earlier in this week, affected by the low operating rate of mines. Although manufacturers have strong rised mentality, market trading is thin without supports of the demand side. Considering the quiet news from the policy side, the market will be caught in wait-and-see atmosphere.