The latest prices of terbium oxide, praseodymium oxide, lanthanum oxide and praseodymium neodymium metal decline slightly in the week to Friday October 26. Due to thin trading volumes, buyers forcing prices down and lowered listing prices of large enterprises, benefits from environmental inspection and cost have been weakened.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment as raw material manufacturers’ rised mentality did not get support from the fundamentals of supply and demand and new tungsten guide prices. Downstream factories were not active in accepting orders amid cautious mentality of insiders. Tungsten product offers around the top of current ranges also showed signs of decline.  

The latest prices of molybdenum concentrate, sodium molybdate and molybdenum powder edge higher in the week to Friday October 26. Chinese environmental checks in major production areas are in a grim situation. In addition, steel mills are expecting a large number of tenders at the end of this month and merchants are worried about the tight supply of raw materials. Molybdenum miners and ferromoly manufacturers are reluctant to sell, raising offer levels. 

The latest prices of europium oxide, cerium oxide and praseodymium neodymium metal are unchanged from the previous trading day, although the whole market prices tend to decline. The weakness in demand side continues to affect trading volumes thin market trading and quiet policy side weaken traders’ confidence. But under the support of environmental protection and production costs, rare earth price is not likely to decline sharply.