China molybdenum prices showed signs of decline in the week began on Monday June 17 affected by the drop in transaction prices of raw materials and pressed steel tenders. Market confidence now is weak and traders have different views on the outlook with low trading activity. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to maintain at a relatively low level in the week ended on Friday June 14, 2019. Although mainstream mining enterprises and smelting factories jointly together to cut production and stock prices of tungsten have soared, spot market transactions do not increase due to oversupply in the market and weak confidence of traders. 

China rare earth price continued its upward trend in the week ended on Friday June 14 because reduced imports of Burma mines and the country’s control in the industry made market confidence keep firm. 

Molybdenum prices in China showed signs of decline in the week ended on Friday June 14. The lowered transaction prices of raw materials and decreased quantity of steel tenders weakened market confidence to some extent. Traders have different views on the outlook with low trading enthusiasm. 

China's main ammonium paratungstate (APT) producers have agreed to reduce or halt production in June to stabilise the market.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices still maintained stability on the whole in the week began on Monday June 10. The mining enterprises and APT smelting factories have jointly reduced the production, which has a temporary effect on stopping the downward trend. The merchants now have a sense of stabilization, but low trading activity of the terminal market and buyers requiring lower prices press transactions in the spot markets. 

Rare earth market quotation in China: domestic rare earth prices continue to keep firm, especially for rare earth permanent magnets. Two-thirds of the rare earth magnets in the United States come from China, according to the data released by Citibank; the new energy vehicles industry is expected to be good. So the industry participants are optimistic about the outlook and thus prices continue to rise steadily, but actual transactions seem not increase as much as the prices. 

Molybdenum market in China: the latest prices of molybdenum concentrate, ferro molybdenum and molybdenum powder still maintain stability. Steel biddings are starting gradually, but prices fail to meet market expectations, which weaken confidence of traders who are supported by the costs to some extent. So the trading volumes seem down. 

Tungsten shortage coupled with environmental regulations in China with depleting mine supply, this may also create a tungsten deflect if new mines and projects aren’t brought online in these coming few years.

Tungsten industry has been segmented according to application and end-use. Carbides and metal alloys are the key application segments. 2019 outlook, proliferation of the Asia Pacific automotive and manufacturing sectors has been the chief factor driving both these application segments.