Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and ammonium metatungstate (APT) prices in China continue to maintain stability, affected by the holiday of the Spring Festival and low trading activity in the market. 

China molybdenum prices show signs of rise in the week began on Monday January 28. Affected by tight supply of spot goods and increased market trading, tungsten concentrate price climbs largely. While ferro molybdenum manufacturers’ profits are squeezed by the cost side as sale prices tend to lower than production costs. Downstream molybdenum chemical and product enterprises take a watchful stance to the deadlocked supply and demand in the market.

Rare earth market quotation in China: the latest prices of terbium oxide, lanthanum oxide and praseodymium neodymium metal have been maintained stability since January. With the approaching of the Spring Festival, the flow of funds in the market decreases, and more and more factories are off duty. Sellers are reluctant to sell at low prices while downstream remains low buying appetite. In the short term, market prices would continue the stability. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are expected to maintain stability on the last trading week before the holiday of the Spring Festival, with heavy wait-and-see atmosphere in the market.