A few days ago, the hot "Red Sea Action" has been quietly offline. This military movie, which has created a total box office of 3.6 billion yuan, has become the biggest winner of the Spring Festival New Year's greeting. Recently, it has also been shown on various Internet TV platforms and can be seen at home. Friends who have seen the film are all shocked by the two guns on the 054A naval frigate. When the enemy shells finally came in many directions, they saw the frigate facing danger. The two guns started quickly and cleared up instantly.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continue to show signs of decline in the week on Thursday May 30. The market expects the linkage effect of rare earth prices to drive up spot prices, but it seems hard to achieve as some traders seek for more sales under capital shortage and pressure of sales. 

Rare earth market quotation in China: domestic rare earth price

Rare earth prices were still in the upward trend in the week ended on Friday May 31, especially for praseodymium oxide, neodymium oxide and praseodymium neodymium oxide. The market kept rational mentality at the beginning of the week. However, after the NDRC responded to the relationship between rare earths and trade frictions, the industry’s enthusiasm for the rare earth sector broke out again. Insiders believed that the China-Myanmar rare earth trade policy, global trade disputes and other factors would activate the market, so domestic product prices kept climbing. 

Molybdenum prices in China maintained stability on the whole in the week began on Monday May 27. Ferro molybdenum price dropped slightly when steel biddings were relatively quiet. Strong expectations of tightening availability of molybdenum ores boosted confidence of sellers despite of continued weakness in the demand side. With the support of cost, factories were reluctant to reduce product profits, plus with the stabilization of international molybdenum prices, the market stabilizes in the short term.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are in the downward trend because the trading activity of terminal side is difficult to increase despite of stabilizing willingness in the raw material market. The downturn of spot goods transactions, capital turnover and imbalanced relationship between supply and demand increase traders’ willingness of sales. As a result, product prices tend to decline.

Rare earth market quotation in China: domestic rare earth prices start to show stabilization despite of continued deadlocked supply and demand and different expects for market outlook. The main factors affecting the price of rare earths are the fundamental performance of supply and demand and the value of strategic resources.

The ferro molybdenum, molybdenum oxide and sodium molybdate prices in China edged lower compared with last trading day on quiet market trading and heavy wait-and-see atmosphere at the end of this month. Mainstream tungsten ore enterprises stabilized new offer levels, offering a certain support for the raw material markets. Most insiders believed that the market may continue to benefit from tight supply and high production costs considering the current situation. 

Earlier, Trump signed an executive order to identify 35 new sources of minerals that the United States considers vital to the country and streamline leasing and licensing procedures to speed up domestic production.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remain weak adjustment on heavy wait-and-see atmosphere and thin market trading. At present, the external trade environment is unstable and downstream factories are not active in producing and purchasing products. The market continues to operate on-demand procurement with low trading activity. 

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal declined slightly due to unstable support from the supply and demand while cerium oxide price remained stable. Recently, macro-trade events continue to ferment, and rare earths can continue to ferment as a hot spot for counter-chips. The industry is generally optimistic about the resource value of in late market and sellers show signs of unwilling sales.