Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in China remained weak adjustment as market confidence of the industry chain was weakened by the decline in new guide prices from large companies and institutions. 

Molybdenum prices in China showed good momentum in the week ended on Friday May 10 because increased new offers from large mines boosted market confidence. The molybdenum concentrate market kept firm offers as sellers were reluctant to sell on tightening availability of raw materials. 

Rare earth prices in China were mixed in the week ended on Friday May 10. Prices of dysprosium oxide and terbium oxide were stable with good momentum while praseodymium oxide and neodymium oxide prices remained weak adjustment. The rise benefited from the worry of tight supply and the price decline was owing to negative sentiment of downstream buyers. On the whole, the long-term environmental protection inspection would support the cost side, and market prices will be adjusted slightly under different views on the outlook.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are under pressure affected by the decline in new average tungsten forecast prices from Ganzhou Tungsten Association and offer levels from listed tungsten companies. As orders for downstream alloy products are in a relatively low level, traders remain low trading activity and transaction prices mainly hover round the new guide prices.