The latest price of molybdenum concentrate, ammonium molybdate and molybdenum bar is unchanged from previous session. The supply and demand refuse to budge, the difference between buyers and sellers is obvious and the volatility of steel market affects ferromolybdenum’s demand. With the tight supply of molybdenum concentrate, Chinese molybdenum prices are stable and the market remains wait-and-see state.

Price of molybdenum products on Aug. 25, 2017

Tungsten Concentrate Cost Composition in Micro Aspects

Tungsten is advantageous resource in China. Tungsten reserve in China accounts for 70%, which ranks the first place in the world. According to yearly average data, tungsten exploration and supply amount account for 80% of total global output. 

Tungsten market in China continues to remain firm this week. At the beginning of this week, long-term price of large tungsten enterprises surge and market confidence returns, thus supporting tungsten goods quotation. 

With the shortage of raw material supply, the divergence between tungsten mine and smelter has narrowed gradually. Market participants tend to insist on a conservative selling way, waiting for higher price.