Analysis of latest tungsten market from Chinatungsten Online: A large tungsten enterprise in Jiangxi province released guide prices for late March on Tuesday. 65% wolframite concentrate was quoted at $17,209.3/t, down $310/t; 65% scheelite concentrate was quoted at $16,976.7/t, down $310/t; APT price declined by $5.3/mtu to 299.6/mtu. The guide prices fail to reach insiders’ expectation, weakening market confidence.

Ammonium molybdate market keeps firm quotation in the earlier weak while trading in high-price products is rare affected by weak raw material side. The price and trading volume of ammonium heptamolybdate and high pure molybdenum trioxide have not seen apparent improvement recently, which lowers traders’ wiliness in trading.

Rare earth market quotation in China: domestic rare earth price continues to maintain weak adjustment. Due to the increased shipments in the downstream market, downstream enterprises receive fewer orders, resulting continuing decline in market quotation. Insiders though that short-term rare earth price is likely to decline owing to unbalanced supply and demand. But considering the support of production cost and policy side, Chinatungsten Online forecast that the price still remains room to rise.

Analysis of latest tungsten market from Chinatungsten Online: Opening this week, domestic tungsten market continues to be in s stalemate. The increasing operating rate of mines affects sellers’ mentality while downstream manufacturers have no intend to enter the market. Therefore, market trading would be thin and industry insiders mainly focus on new guidance from large tungsten enterprises.