Chinese molybdenum prices maintain stability on Thursday August 9, with the end of steel tenders and more risks by high prices. Manufacturers decline their offer levels to foreign buyers, although supply tightness of raw materials and production costs give strong supports. Production has not yet recovered completely as most mines are shut down to undergo repair. And muted demand drags upstream market down.

Analysis of latest tungsten market from ChinaTungsten Online

Large tungsten enterprises’ guide prices were released, which decline as expected. Affected by that, market confidence was weakened, buyers remained weak buying interests and sellers considered profit-taking to move materials.

Analysis of latest tungsten market from ChinaTungsten Online

The new round of guide prices were released by large tungsten enterprises earlier in this week, further pressing down Chinese tungsten prices. Considering weakness in terminal demand and thin trading, insiders are generally negative about the outlook. 

Rare earth market quotation in China: europium oxide price maintains stability from last week while praseodymium neodymium metal price declines slightly. Quiet trading activity in Chinese market has pressed down rare earth prices, with a prospect of further falls if policy side remains quiet and terminal demand is weak. Although sellers have strong rised mentality, limited funds of companies lower offer levels.