China molybdenum prices show signs of rise in the week began on Monday January 28. Affected by tight supply of spot goods and increased market trading, tungsten concentrate price climbs largely. While ferro molybdenum manufacturers’ profits are squeezed by the cost side as sale prices tend to lower than production costs. Downstream molybdenum chemical and product enterprises take a watchful stance to the deadlocked supply and demand in the market.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are expected to maintain stability on the last trading week before the holiday of the Spring Festival, with heavy wait-and-see atmosphere in the market. 

Rare earth market quotation in China: the late prices of neodymium oxide, dysprosium oxide and praseodymium neodymium oxide are unchanged from the previous trading day owing to thin market trading and low operating rate of factories. 

China molybdenum prices remain stable on the last trading week before the Spring Festival. Most smelting factories shut down, logistics are off-stream and market participants also remain low trading activity. Besides, with the shutdown of mines and smelting factories, low-price resources are difficult to be got. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained stability in the week ended on Friday January 25. On the one hand, two listing tungsten corporations in Jiangxi and Xiamen stabilized their offer levels for the second half of January; on the other hand, market trading was quiet as mines stopped production to undergo repair, smelting factories remained low operating rate and downstream finished their plans of stocking up ahead of time. 

Rare earth market quotation in China: the latest prices of europium oxide, praseodymium neodymium oxide and praseodymium neodymium metal are unchanged from last week. With the approaching of the Spring Festival, more and more factories shut down and market transactions become thin. Under the deadlocked supply and demand, the market will be quiet. 

Molybdenum market quotation in China: ferro molybdenum and molybdenum concentrate prices rise slightly while molybdenum powder price is unchanged from last week. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China have been stabilized since January as sellers are reluctant to sell, purchasers remain low buying appetite and transactions are hardly concluded. With the approaching of the Spring Festival, market prices would tend to stabilize under deadlocked supply and demand. 

China rare earth price is unchanged from the previous trading on Friday January 25. Sellers are hard to raise their offer levels because some enterprises have finished plans of replenishment ahead of time. While purchasers also could not force prices down under environmental protection and more mines stopping production at the end of the year. Considering the deadlocked supply and demand, rare earth price tends to stabilize. 

China molybdenum prices started to rebound in the week began on Monday January 21 boosted by raised international molybdenum prices, annual shut downs of factories and increased prices and quantity of steel tenders.