Analysis of latest tungsten market from ChinaTungsten Online

Prices in Chinese tungsten market continue to maintain stability at the end of October. Affected by China environmental checks, the operating rate in the whole industry chain is at a relatively low level and both supply and demand is weak. The difficulty in sales of smelting factories presses product offers down. Market trading now is thin and most insiders wait and see the new tungsten forecast prices from institutions and large tungsten enterprises. 

Molybdenum prices in China have stabilized at a relatively high level as the market gradually returns to rationality waiting for steel tenders and environmental protection’s influences on operating rate. 

The latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal decline slightly on Wednesday. Pressed by funds and demand, traders are will to sell products, which make insiders uncertain for market expectations. Purchasers now have strong wait-and-see mood. In the short term, rare earth price will be adjusted limitedly on the tightening availability of raw materials.

Analysis of latest tungsten market from ChinaTungsten Online

With the stricter environmental protection and high production costs, customers are reluctant to purchase and thus trading volumes are thin. The whole market confidence is weak. Most insiders wait and see for the market outlook. Chinese tungsten market now is in a stalemate.