Chinese molybdenum price stabilizes after a period of weak adjustment. Earlier this week, the price decline in large mines weakened market confidence, plus with continuous weak demand, the prices of molybdenum concentrate and molybdenum oxide fell. Affected by risks of cost overhang, ferro molybdenum manufacturers stabilized product offers.

The latest price of neodymium oxide, dysprosium oxide and praseodymium neodymium oxide continues to maintain upward trend because the environmental checks reduce the operating rate of factories and downstream magnets enterprises’ stocking up boosts market confidence of sellers. 

Analysis of latest tungsten market from Chinatungsten Online: The environmental checks affect Chinese tungsten market greatly. The operating rate of APT smelting factories is low, boosting prices of products related with tungsten powder and tungsten carbide powder. Although miners have poor shipments, they are reluctant to lower product offers. 

Chinese molybdenum price remains weak adjustment this week as prices in the molybdenum raw material side showing signs of decline further weakens downstream manufacturers’ confidence.