Rare earth market quotation in China: the latest prices of dysprosium oxide, praseodymium neodymium oxide and praseodymium neodymium metal continue to be in the upward trend benefiting from stricter environmental checks and reduced imports from foreign countries. Sino-US economic and trade frictions and product tariff adjustments have made the value of domestic rare earth resources more important. Manufacturers seek for higher product prices but limited by thin trading volumes. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were in the downward trend in the week ended on Friday May 17. Smelting factories faced risk of price inversion when the raw material market has difficulty in sales. The terminal market continued its weakness and trading environmental has been unstable recently. The whole tungsten market was caught in heavy wait-and-see atmosphere but got supported from the cost.

In the second half of May, more and more steel mills gradually issue buy tenders for ferro molybdenum and high production costs supports rised mentality of traders, so molybdenum prices in China stabilize on the whole. 

Rare earth market quotation in China: medium and heavy rare earths prices continued to rise strongly after the ban of Myanmar mines imports, and the merchants were relatively optimistic about the downstream demand; for praseodymium and neodymium products, the weakness in the demand side resulted in declined prices that hover around at production costs, plus with strong rised mentality boosted by environmental protection checks, most traders now take a watchful stance.