Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the week to Wednesday November 7. The new tungsten average prices released on Monday indicate a conservative attitude of large enterprises and institutions and thus supply and demand are still in a stalemate in the market. 

China molybdenum prices continue the stabilization on Thursday November 8 on quiet moves in Chinese environmental protection and steel biddings. Traders hold different attitude towards market trend. Some keep firm mentality under tight supply while others worry high price risks and order stress. At present, market inquiry decreases and molybdenum prices are adjusted rationally. 

Rare earth market quotation in China: the latest prices of cerium oxide, lanthanum oxide and dysprosium oxide continue to maintain stability on high pressure from the demand side. Currently, rare earth market has been boosted by the one-month special inspection and rectification. But deadlocked supply and demand are in a stalemate and market trading is thin. Traders have different expectations for the market outlook. Traders lower product prices in some regions and thus the whole transaction prices edge lower. 

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its fist offer for APT in November at $178.2/mtu, unchanged from the second half of October.