Analysis of latest tungsten market from ChinaTungsten Online

In the tungsten concentrate market, trading for spot goods becomes slow as buyers do not have confidence in the off season. The market now is caught in heavy wait-and-see atmosphere and transaction prices are lower than before. High-grade wolframite concentrate price hovers around $16,153.8 per tonne.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices have been declined for nearly one month, which raises sellers’ resistance psychology for low prices. Most purchasers try to force prices down while sellers are reluctant to sell at the level. Therefore, trading volumes are thin. Without supports from supply and capital sides, tungsten market is weak at present.

Chinese molybdenum prices are in an upward trend this week. On the one hand, mines stopping work to undergo repair reduces the supply and makes sellers reluctant to trade; on the other hand, tender prices for ferro molybdenum rise, boosting market confidence. 

Rare earth market quotation in China: the latest price of neodymium oxide, dysprosium oxide and terbium oxide is unchanged from the previous trading day on deadlocked supply and demand, heavy wait-and-see atmosphere. Affected by environmental checks, raw material supply is tight while purchasers remain cautious on receiving orders. Market trading is thin again.