Analysis of latest tungsten market from Chinatungsten Online: After China’s two sessions, spot goods in the raw material market are increasing. While market trading follow up slowly and purchasers force prices down, and thus tungsten price is in the downstream trend in the short term.

The game between molybdenum raw material market and terminal market will continue and approaching the end of the month, some miners are more willing to sell. New increased trading of molybdenum concentrate may increase compared with last week amid shipment prices of large mines needs to be concerned for great reference. For ferro molybdenum market, manufacturers are expected to lower their expected prices to ease pressure of production costs and price will be adjusted in a certain space.

Rare earth market quotation in China: the latest price of terbium oxide, europium oxide and praseodymium oxide is unchanged from the previous trading day. Imbalance between supply and demand is still the main factor for rare earth price. Downstream enterprises with strong demand for lowering prices, but sellers are not willing to cut product profits. Therefore, the whole market trading is thin. Given that, rare earth price at the end of the month will be weak.

Analysis of latest tungsten market from Chinatungsten Online: Last week，tungsten raw material market was suppressed by bearish factors after the decline in guide prices from large enterprises for late March. The price of ferrotungsten, sodium tungstate and tungsten powder was adjusted slightly, but products in high quotation were hardly to be concluded, more transaction prices mainly concentrated in the floor level. Sellers started reducing product prices for more transactions while downstream customers purchased at a relatively low price.