China molybdenum prices remained stable in the week ended on Friday April 26. Affected by the delay in the release of tenders from steel mills, traders became less active in trading, and smelting factories faced pressure from downstream weakness demand and high costs of raw materials. But the increase in mainstream steel bidding prices boosted market confidence. 

Rare earth market quotation in China: domestic rare earth prices continue to show different trends. Prices of terbium oxide and other heavy rare earth products climb slightly benefiting from the expectation of tight supply. But some market participants expressed that Myanmar's rare earth import ban is short-lived, and the market's continued marketability still rely on overall performance of supply and demand in the market. Praseodymium neodymium oxide and other light rare earth products prices edge lower as the market remains low trading activity.  

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continued to remain unchanged from last week. On the one hand, the decline in new offer levels from listed tungsten companies weakens market confidence; on the other hand, affected by weak terminal demand, market trading atmosphere is quiet. 

Molybdenum prices in China start to show signs of differences. For molybdenum concentrate market, prices tend to stabilize but market trading seems hard to increase on the weakness in the terminal side. Steel mills are cautious to the biddings, which increase smelting factories’ reliance on molybdenum ore costs. Ferro molybdenum prices are in a stalemate. On the whole, the market is caught in wait-and-see atmosphere.