Analysis of latest tungsten market from Chinatungsten Online: This week, mainstream tungsten quotations in China climb, supported by strong rised mentality in the raw material side. But due to the thin trading in sellers’ market, traders maintain the wait-and-see atmosphere. Before the release of guide prices of this month from large tungsten enterprises and associations, tungsten market will show stable.

Rare earth market quotation in China: domestic rare earth price maintains stability on the whole amid the latest price of lanthanum oxide, praseodymium oxide and DyFe is unchanged from the previous trading day. The market trading is thin at present.

Analysis of latest tungsten market from Chinatungsten Online:

Due to the tightening availability of spot goods, domestic tungsten price keeps stable at the beginning of May. Businesses now have strong rised mentality while market demand shows no signs of improvement. Therefore, China’s tungsten market is caught in wait-and-see atmosphere, waiting for the new guide prices.

Molybdenum price in China keeps stable on the whole as short supply of raw materials weakens enterprises’ willingness in transactions. In the meantime, the good performance in steel biddings last week boosted market mentality, coupled with the support of production cost, businesses keep firm quotation opening this week.