Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were in the downward trend in the week ended on Thursday June 6, 2019 as weak market confidence affected the overall production activities of the industry and trading volumes. 

Rare earth market quotation in China: the latest prices of neodymium oxide, cerium oxide, praseodymium neodymium oxide and europium oxide maintained stability in the week began on June 10, 2019 because the market was inactive on the first trading day after the holiday of Dragon Boat Festival.

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum concentrate, ammonium heptamolvbdate and sodium molybdate remained unchanged from last week as the market kept quiet on the first trading day after the holiday of Dragon Boat Festival. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to be weak when new round of guide prices from large tungsten companies and institutions will soon be released. The transaction pricing in the tungsten market is hard to be settled as external trade negotiations remain unclear and the industry chain has different expects for the demand side. 

China rare earth prices rose slightly on the whole in the week ended on Thursday June 6, 2019. Prices of terbium related products continued to climb this week, boosted by decreased imports of Myanmar mines, recent rectification of the rare earth industry and international trade situation. 

China molybdenum prices remained stable in the week ended on Thursday June 6, 2019 when buyers and sellers have different opinions on the current situation of the tightness of raw materials and the lack of demand. As factories stopping production to undergo repair, tenders of steel mills and international trade negotiations have not been clearly defined, so most market participants mainly took a watchful stance.

The focus of the world's attention in these two days has been the announcement by President Trump of withdrawal from the Iranian Nuclear Agreement and the reopening of economic sanctions against Iran. Affected by this, international oil prices rose again and reached a new high in recent three years.

The European Spallation Neutron Source (ESS) is a key project of the EU's large-scale infrastructure construction project, with a total investment of 1.8 billion euros in the construction phase and an annual operation and maintenance cost of about 140 million euros. It is funded by 13 EU member states, including France, Germany, Britain, Hungary, Italy, Latvia, Spain and Sweden. Nearly half of the construction costs are borne by Sweden and Denmark.

Analysis of latest tungsten market from Chinatungsten Online

The ferro molybdenum and ammonium metatungstate (APT) prices in China dropped slightly affected by the decline in new guide prices from listed tungsten companies. The industry outlook now remains unclear, which benefits from high costs of tungsten ores and the control in spot supply but is dragged by weak demand and trade tensions with the United States.

Rare earth market quotation in China: domestic rare earth prices still show the upward trend after the ban in importing Myanmar mines. Leaders inspected rare earth enterprises and the National Development and Reform Commission responded to the problems related to the rare earth industry, so the market confidence continued to stand firm, and the industry’s views on market expectations and the value of rare earths were optimistic, but the essence volume of trading still needs to be further followed up.