Molybdenum price in China keeps stable on the whole as short supply of raw materials weakens enterprises’ willingness in transactions. In the meantime, the good performance in steel biddings last week boosted market mentality, coupled with the support of production cost, businesses keep firm quotation opening this week. 

Molybdenum concentrate market in China has performed well recently. 40-45% molybdenum ore is concluded 60 tons at RMB 1,610/t; 45-50% molybdenum concentrate is concluded with price of RMB 1,635/t and quantity of 200 tons. Steel mills’ purchasing in large number stimulates ferromolybdenum manufacturers to enquiry. Under the background, molybdenum mines and traders raised their strong rised mentality.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten raw material market showed upward trend at the end of April. Under the tight expectation for spot goods, the environmental protection inspection no doubt would reduce the production, but also gives certain support to the market. Downstream customers do not accept high quotations while sellers are not willing to sell at low price. After the Labor Day, tungsten price is expected to rise, but limited by weak demand.

Cemented carbide tools account for the largest proportion in aerospace cutting tools. They are the leading cutters in aerospace manufacturing and have a wide range of applications.