Analysis of latest tungsten market from Chinatungsten Online

Opening this week, domestic tungsten price is in a stalemate and market trading is not improved. Affected by the environmental protection policy, smelting factories are not active in restarting work and tungsten raw material supply becomes tight. While terminal demand still remains weakness, and large tungsten enterprises’ quotations for the second half of April stabilize, so insiders are mainly waiting for the next move in the market.

China’s molybdenum price shows stabilization on good mentality of businesses. On the one hand, the release of production capacity in mines is limited, plus the recovery of steel biddings accelerates consumption in sellers’ stocks, spot goods in the market are tight; on the other hand, the rise in international molybdenum price boosts Chinese market confidence, so traders are more reluctant to sell. Insiders now are waiting for the next move of the market, with deadlocked transactions.

Rare earth market quotation in China: the supply and demand is in a stalemate as raw material suppliers have negative mentality and traders remain low buying interest. Considering the support of production costs, sellers are reluctant to sell to stabilize product prices. Therefore, rare earth price is expected to maintain stability before the clear of market trend.

Analysis of latest tungsten market from Chinatungsten Online: A large tungsten enterprise in Jiangxi province, China released its guide prices for April last Friday amid 65% wolframite concentrate price was $17,580.6/t, 65% scheelite concentrate price was $173,387.1/t, APT price was $308/mtu, unchanged from that of late March. The result shows that main large tungsten enterprises hold stable mentality on market outlook, which will further limit the rise or decline in tungsten price.