Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices in the Chinese market are unchanged from the previous trading day when most market transaction prices are close to the line of production cost. Therefore, raw material manufacturers and smelting factories are reluctant to sell at low prices in order to avoid risks of price inversion. 

Rare earth market quotation in China: the terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices continue to rise slightly on June 17, 2020. Most buyers are not active in purchasing, requiring rigid demand. 

Molybdenum market quotation in China: molybdenum concentrate, sodium molybdate and ammonium heptamolvbdate prices still maintain stability owing to low trading activity of the whole industry and limited transactions. Now the insiders mainly focus on the steel tenders. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China maintains stability in the week began on Monday June 15 because a stalemate between the supply and demand is hard to change in the short term considering weak confidence in the market. 

China rare earth price shows different trends under mixed market. Last week, most purchasers had got the plans to buy raw materials, and due to low inventories of mainstream products, sellers kept firm offers. But now the support from the demand side becomes weak and prices decline slightly. In the medium and heavy rare earth market, the prices of dysprosium oxide and terbium oxide edge higher with the impact of tight spot resources and high raw material prices, but transactions are limited. 

Molybdenum market quotation in China: the latest prices of molybdenum rod, molybdenum powder and molybdenum concentrate are unchanged from the previous trading day as the market is in a stalemate. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China remained weak adjustment in the week ended on Friday June 12, 2020 on deadlocked supply and demand and cautious sentiment of market participants. The new guide prices from tungsten institutions and listed companies were adjusted slightly, having little impact on the tungsten. 

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