Opening this week, Chinese molybdenum prices remained unchanged from last week on continued imbalanced supply and demand and low trading activity in the whole market. In the molybdenum concentrate market, under stricter environmental protection inspection, the supply was tight while the demand side was weak. So most traders still waited for the next moves in the major production areas. 

Analysis of latest tungsten market from Chinatungsten Online

After China’s spot tungsten concentrate price fell below a level widely considered to be the break-even point for most producers in the country, many in the market has expected the price to bottom up.

Rare earth market quotation in China: the latest prices of terbium oxide, praseodymium oxide and neodymium oxide edged lowered on Friday June 21, 2019. Rare earth prices started to decline after a sharp rise in early June because the hype atmosphere brought by the macro-trade environment was lightened, and the industry returned to focus on the supply and demand of the spot market. 

Molybdenum market quotation in China: the latest prices of ammonium molybdate, molybdenum powder and molybdenum oxide remained unchanged in the week ended on Friday June 21, 2019 as the softened raw material market and low activity in steel biddings made insiders uncertain for the late market trend. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment on continued weak demand side and sentiment of seeking for lower prices. The decline in new offer levels of listed tungsten companies shows it is may not the time for the market to bottom out. 

Rare earth prices in China continue on an upward trend in the midweek Thursday June 20, 2019. More businesses return to rationality after a sharp rise in medium and heavy rare earth elements. Chinese environmental protection and the ban in Myanmar mines imports reduce the supply, plus with good demand of downstream, insiders now give a bullish outlook for the market. 

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum concentrate and molybdenum oxide maintain stability in the midweek on Thursday June 20. The consumption in the terminal side is slow, indicating a cautious sentiment in the market. The raw material spot market keeps low trading activity while steel mills also take a watchful stance for ferro molybdenum bids. The market now is stable with little deal concluded. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices continued the downward trend as the decline in new guide prices of large tungsten companies weakened market confidence. Under the weak demand, capital shortage and reduced exports, product prices are still hard to rebound in the short term. 

Rare earth market quotation in China: terbium oxide price climbs slightly while prices of cerium oxide and praseodymium oxide remain unchanged in the midweek. There is good prospect for the supply and demand of medium and heavy rare earth elements. light rare earth elements market is troubled by oversupply but benefits the policy side, so market participants have rised mentality. At the beginning of the week, the latest rare earth listing prices of Southern Rare Earth maintained strong, which further stimulated market confidence. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day in the midweek. Sales of molybdenum concentrate have decreased slightly recently and steel tenders for ferro molybdenum are not active then before, and thus market sentiment is affected to some extent.