The latest price of europium oxide, praseodymium oxide and praseodymium neodymium oxide is unchanged from the previous trading day amid lackluster demand and quiet policy side. The Chinese rare earth market is slow this week, with prices stability and trading activity limited. market participants wait and see the newest policy for purchasing and storage.

Analysis of latest tungsten market from ChinaTungsten Online

The new round of guide prices were released by large tungsten enterprises earlier in this week, further pressing down Chinese tungsten prices. Considering weakness in terminal demand and thin trading, insiders are generally negative about the outlook. 

Chinese molybdenum prices maintain stability on Thursday August 9, with the end of steel tenders and more risks by high prices. Manufacturers decline their offer levels to foreign buyers, although supply tightness of raw materials and production costs give strong supports. Production has not yet recovered completely as most mines are shut down to undergo repair. And muted demand drags upstream market down.

Analysis of latest tungsten market from ChinaTungsten Online

Large tungsten enterprises’ guide prices were released, which decline as expected. Affected by that, market confidence was weakened, buyers remained weak buying interests and sellers considered profit-taking to move materials.