Molybdenum prices in China continued to remain stable with the approaching of Dragon Boat Festival holiday. The tightening availability of raw materials still supports the molybdenum concentrate market; ferro molybdenum market minds the risks of price inversion considering quiet steel tenders; molybdenum chemical and product market is in a stalemate, waiting for next moves in cost side and trading volumes. 

U.S. President Trump officially announced that the United States unilaterally withdraws from the Iranian nuclear agreement at 2 p.m. local time on the 8th. It is also prepared to restore all the sanctions against Iran that were abandoned in order to implement the agreement and impose additional economic penalties. In short, the Middle East gunpowder barrel has been ignited by Trump. It is inevitable that Iran, Israel and Saudi Arabia will start a new round of armaments. As an important military material, tungsten demand may be pushed up.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, China tungsten prices were unchanged from last week on stable supply of tungsten ores and decreased production capacity in mainstream tungsten enterprises. Affected by continued weakness in the demand side, downstream buyers were cautious to replenishment and trying to force prices down. Some enterprises even completed under pressure of capital shortage. 

Rare earth market quotation in China: the latest prices of terbium oxide, praseodymium oxide and praseodymium neodymium oxide edge higher compared with last trading day. On the one hand, banned imports of Myanmar mines continue to support prices of heavy rare earth products; on the other hand, China raised the control in rare earth resources after the international trade consultations. Rare earth prices rose sharply in May and now, more and more insiders return to rationality. In the short term, the market tends to stabilize. 

China molybdenum prices continue to maintain stability in the week began on Monday June 3. Molybdenum concentrate price is in a relatively high level supported by tightening availability of raw materials raising sellers’ strong rised mentality; ferro molybdenum price stabilizes affected by quiet steel tenders and unstable trade environment. Most insiders hold different views toward the outlook. The demand side is still under pressure and market remains low trading activity.  

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment in the week ended on Friday May 31. On the one hand, it was hard for sellers to raise product prices and thus they became active to sell products but transactions were rarely concluded; on the other hand, low trading activity of terminal market weakened confidence of traders.

Rare earth market quotation in China: terbium oxide price declined slightly while prices of neodymium oxide and lanthanum oxide remained unchanged in early June. The positive side of the ban on rare earth mines in Myanmar has been gradually digested by the market. Currently, the industry is more concerned about the status of rare earths in Sino-US trade friction and changes in rare earth policies.

The latest prices of molybdenum powder, molybdenum concentrate and molybdenum oxide were unchanged from last week in the Chinese market in early June. The supply of raw materials remained tight and mainstream mine companies kept firm offers; ferro molybdenum manufacturers became cautious with the end of steel tenders; downstream chemical and alloy market was caught in wait-and0-see atmosphere. On the whole, the market would continue to stabilize. 

According to Hunan Daily, at the 2007 Hunan Science and Technology Innovation Award Conference held in Changsha on May 4, Hunan Provincial Governor Xu Dazhe said: "Hunan should speed up the construction of innovative provinces and create inland innovation highlands, entrepreneurship highlands, high-tech highlands and talent highlands."

A few days ago, the hot "Red Sea Action" has been quietly offline. This military movie, which has created a total box office of 3.6 billion yuan, has become the biggest winner of the Spring Festival New Year's greeting. Recently, it has also been shown on various Internet TV platforms and can be seen at home. Friends who have seen the film are all shocked by the two guns on the 054A naval frigate. When the enemy shells finally came in many directions, they saw the frigate facing danger. The two guns started quickly and cleared up instantly.