The latest price of ferro molybdenum, ammonium molybdate and molybdenum concentrate declines slightly, affected by decreasing demand of steel mills and Sino-US trade friction. Facing the pressure from steel mills, ferro molybdenum market mainly trades low-price goods and price is falling. Considering manufacturers without plans in stocking up, most insiders believe that ferro molybdenum price still has room for declining. Whether the terminal demand can recover in April or not still remains to be seen.

Rare earth market quotation in China: domestic rare earth price is running steadily amid the latest price of PR ND oxide, dysprosium oxide and cerium oxide is stable. Affected by Sino-US trade friction, rare earth permanent magnet declined sharply. In the spot market, supply was relatively stable but price fell down, the same level before the Chinese New Year.

Analysis of latest tungsten market from Chinatungsten Online: Expectations for terminal demand recovery and tight supply of raw materials are disappointed in the tungsten market, which presses the current market price. Given that, short-term tungsten price will maintain weak adjustment.

The weakening molybdenum market in China has brought some negative impact on the international market. However, the tight supply also offers some support to market price. At present, the main reason for poor sales is further declining of insiders’ expectations and uncertainty for demand of steel mills, resulting wait-and-see mentality. Whether the demand of steel mills could recover will be the focus of insiders.