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Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China are unchanged from the previous trading day due to persistently weak downstream demand which has pressured the market since late last year. 

Rare earth market quotation in China: the latest prices of europium oxide, lanthanum oxide and praseodymium neodymium oxide are unchanged from the previous trading day as bas trading atmosphere presses market participants. At the end of 2018, buyers and sellers both take a watchful stance and have different psychological prices. Due to the environmental protection inspection and stocking up of downstream, the market outlook remains unclear.

The China molybdenum market fell in trading this week, with suppliers cutting their offer prices in the face of stubborn resistance among consumers against paying more. Besides, steel mills trying to forcing prices down also weakened market confidence. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment in the week began on Monday January 14 on soft demand in the market. Although the recent stabilization of raw material market, seasonal and cycle demand raise buying appetite of downstream customers, prices are pressed down. Raw material manufacturers’ profits also decrease. 

The latest prices of terbium oxide, praseodymium neodymium oxide and praseodymium neodymium metal drop slightly from the last trading day in the Chinese are earth market. Enterprises are not active in stocking up at the end of the year, so some traders lower their offer levels to ease pressure of funds and sales. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate edge lower compared with last trading day. With the consumption of low-price resources and influence of environmental protection, raw material manufacturers have little pressure of stocks, but molybdenum concentrate prices are still hard to rise. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices hovered around the guide prices of institutions and large tungsten enterprises last week ended at Friday January 11. Some factories became active in stocking up and raw material market had strong sentiment of stabilization, but terminal demand continued to be weak. So transaction prices were in the downward trend. 

Rare earth market quotation in China: domestic rare earth price remained stable early in this week, affected by the decline in listing prices of large rare earth enterprises. Although Chinese environmental protection policy benefits the supply and demand sides, weak demand is hard to rise product prices. Some enterprises even face capital shortage before Spring Festival, so market trading continues to be thin. This week, the supply and demand will continue the deadlocked situation. 

The latest prices of ferro molybdenum, molybdenum concentrate and molybdenum oxide dropped slightly in the week began on Monday January 14 in the Chinese market. The downturn in steel tender weakened ferro molybdenum market confidence. Although molybdenum ore prices declining eased pressure faced by manufacturers, thin market trading still dragged transaction prices down. This week, traders would continue to wait for further price down and molybdenum market is expected to remain weak.