Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China maintained stability in the week began on April 15 on the whole as partial narrow price adjustment had little influence on current deadlocked supply and demand. Opening this week, market participants would focus on new guide prices from large tungsten companies. 

China rare earth price remains stability on the whole despite products show different trends. For praseodymium and neodymium products, the deadlocked supply and demand presses manufacturers and prices are in the downward trend; for dysprosium and terbium products, their supply still remains tight, plus with active trading of downstream enterprises, market participants are optimistic. On the whole, the market now waits for the further moves in environmental protection, consumption for inventories and imports of Myanmar mines in May. 

Opening this week, Chinese molybdenum prices remain stability as new round of steel biddings fail to meet market expectations, affecting manufacturers’ sentiment. In addition, the decline in international molybdenum prices also weakens market confidence. With the support of tightening availability of molybdenum concentrates, downstream product prices get supported. On the whole, mainstream product prices would be expected to stabilize in the short term.

Reigning champion Michael van Gerwen comes from behind to thrash Rob Cross in Cardiff and return to Premier League Darts. He won eight straight legs to sink world number two Rob Cross and leapfrog his opponent at the top of the Unibet Premier League table.

Roskill, a notable industry source in terms of analysing specialty metals noted last year that global tungsten markets were returning to growth following several years of oversupply and low prices.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment on continued deadlocked supply and demand in the market. The raw material side stabilizes their offer levels with fewer low-price resources; downstream buyers are not active in inquiry with low consumption; smelting factories are under pressure, some of them even reduce production to stabilize product prices.

Rare earth market quotation in China: domestic rare earth prices continued to show different trends in the week ended on Friday April 19. Under the pressure of thin market trading and excess supply, praseodymium and neodymium traders remained low buying appetite and prices hovered above the cost level. For dysprosium and terbium products, the worry for Myanmar mine imports increased market trading and traders have good expectation for the outlook. 

China molybdenum prices were in a stalemate in the week began on Monday April 15. Large mines raised their offer levels, boosting market confidence, so molybdenum concentrate prices kept firm amid continuous prompt tightness. Affected by the good performance in the downstream, ferro molybdenum manufacturers with good sentiment tried to increase offers.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remain stable as both buyers and sellers are unclear for the outlook and market trading continues to be thin. But supported by high costs of tungsten ores, market participant mainly take a watchful stance with different psychological prices for products.

Rare earth market quotation in China: the latest prices of cerium oxide, europium oxide and neodymium oxide are unchanged from the previous trading day on Thursday April 18.