The molybdenum price in China was in the upward trend in the week ended on Friday April 24, 2020 because both buyers and sellers are active in trading. But with the impact of negative factors, insiders hold different views on the outlook. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and ammonium paratungstate (APT) prices in China are expected to stabilize because market participants believe there is little room for price falls after witnessing steady declines in recent weeks.

Ganzhou Tungsten Association (GTA) and some major tungsten companies in China have not offered forecast prices for tungsten concentrates and ammonium paratungstate (APT) for April due to a lack of liquidity in the market.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate(APT) prices are unchanged from the previous trading day. As the tungsten industry is experiencing an unprecedented downturn, demand from overseas buyers remains sluggish and market transactions are hardly concluded. 

The europium oxide, lanthanum oxide and praseodymium neodymium oxide prices remain weak adjustment in the middle of April. The light rare earth market has prices but no sales. Although the export increases in March year-on-year, domestic demand seems quiet and mainstream product prices also decline slightly. For medium and heavy rare earth market, under the strict control in smelting factories' inventories, deadlocked supply and demand eases slightly but new increased orders remain low.

Molybdenum market quotation in China: the latest prices of molybdenum oxide, molybdenum bar and ferro molybdenum maintain stability with the impact of good trading atmosphere in the international market. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain weak as market participants face great pressure from high costs of raw materials. The market seems difficult to rebound in the short term affected by the continued spread of the coronavirus. 

The rare earth price in China is unchanged from the previous trading day when market inquiry remains to be improved. Firstly, due to the impact of the closure of many overseas manufacturing companies, the prices of rare earth products have been declining. At present, the sales price is close to the cost, which has forced the holders to quote rationally. 

The molybdenum price in China keeps stable on quiet market trading and cautious sentiment of market participants. The molybdenum concentrate market stabilizes with the impact of stopping production to undergo repair of domestic factories and lockdown of some foreign countries. Molybdenum companies keep firm offers, paying attention to quotation from large mining enterprises. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remained weak adjustment with the persistent weakness in the demand side. Factories faced pressure both at capital and sales while the international market still remained weak. The supply and demand sides are in a stalemate.