Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten market was not a strong support, with a stronger bad atmosphere last week. Traders moved fast to sell their products in high price, resulting the sharp decline of tungsten concentrate and APT price. Ferro tungsten, sodium tungstate, tungsten carbide, and tungsten powder prices also fell in a moderate way.

The tight supply of molybdenum concentrate is difficult to be changed in the short term and under the quantity of steel biddings, the rise in price is expected to slow down. For the ferromolybdenum market, as ferromolybdenum manufacturers are expected to cut production by 30 percent, market supply and demand will reduce. And under the high production costs, the price this week will continue to rise. 

Rare earth market quotation: rare earth price in China continues a steady trend on the whole amid the price of cerium oxide, europium oxide and praseodymium neodymium oxide is unchanged from the previous trading day. Before the Chinese Spring Festival, supply and demand is in a stalemate, some of traders move fast to reduce stocks for more profits and downstream enterprises are stocking up according to their needs. The trading in the market now is thin.

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten price in China is in a downward trend with limited transactions and weak market mentality, affected by short supply and weak demand. Market participants now have low willingness in trading and downstream customers try to press price down.