Analysis of latest tungsten market from ChinaTungsten Online

A lack of demand for tungsten concentrate drags down prices in China. Affected by environmental protection policy supporting supply and cost sides, sellers are reluctant to cut profits for more sales. Offer levels range slightly, but market trading is in a stalemate. 

Molybdenum prices in Chinese market start to fall earlier in this week. Molybdenum raw material prices went up in previous stage with a very strong market speculation atmosphere, but mines resuming work and declining prices in steel tenders slow down uptrend.  

Rare earth market quotation in China: domestic rare earth price continues its downward trend earlier in this week with deadlocked supply and demand, and unstable macroeconomic situation. Major market participants remain low buying interests, waiting and seeing environmental protection policy. Northern Rare Earth’s listing prices for rare earth oxide fell on last Friday.

Recently, the guidance price of tungsten products which is published by some regional association (ex. Ganzhou Tungsten Industry Association) and enterprises (ex. Chongyi Zhangyuan Tungsten Co., Ltd) falls significantly.