International molybdenum prices have been in the downward trend due to concerns around the US-China trade conflicts and a seasonal slowdown. Affected by that, domestic market is caught in heavy wait-and-see atmosphere. 

According to recent media reports: Zhao Dongchen, chief analyst of ICBC International's raw materials industry, said that after Trump imposed tariffs and imposed trade sanctions on Rusal, the price of aluminum on the London Metal Exchange rose to a seven-year high. He believes: "In addition to aluminum, the next metal that may rise is tungsten."

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China start to show signs of stabilization despite of continued low trading activity and different psychological prices of traders for products. On the whole, the short-term tungsten market is expected to be caught in wait-and-see atmosphere. 

China rare earth prices continue to rise sharply mainly because restricting production volumes of domestic rare earth resources raised insiders’ strong rised mentality under the unstable trade environment. After the state leaders surveyed and studied the rare earth enterprises in Jiangxi, the market speculation was strong.

Molybdenum market quotation in China: the latest prices of molybdenum oxide, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day. The tightening availability of sport goods in the raw material markets and weak consumption of downstream factories form a certain pressure of production on smelting factories. Plus with unstable trade environment impacts international market confidence, the tungsten market is expected to maintain stability. 

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, tungsten prices in China maintain stability as most insiders are waiting for new round of guide price from large tungsten companies. Affected by the Sino-US economic and trade frictions, market participants are in the cautious sentiment, plus with declined orders from terminal side and the worry for Fanya’s stocks, tungsten concentrate price is under pressure. But the environmental protection inspections still offer support for the weakened market. 

Rare earth market quotation in China: the latest prices of dysprosium oxide, praseodymium neodymium oxide and praseodymium neodymium metal continue to be in the upward trend benefiting from stricter environmental checks and reduced imports from foreign countries. Sino-US economic and trade frictions and product tariff adjustments have made the value of domestic rare earth resources more important. Manufacturers seek for higher product prices but limited by thin trading volumes. 

In the second half of May, more and more steel mills gradually issue buy tenders for ferro molybdenum and high production costs supports rised mentality of traders, so molybdenum prices in China stabilize on the whole. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were in the downward trend in the week ended on Friday May 17. Smelting factories faced risk of price inversion when the raw material market has difficulty in sales. The terminal market continued its weakness and trading environmental has been unstable recently. The whole tungsten market was caught in heavy wait-and-see atmosphere but got supported from the cost.

Rare earth market quotation in China: medium and heavy rare earths prices continued to rise strongly after the ban of Myanmar mines imports, and the merchants were relatively optimistic about the downstream demand; for praseodymium and neodymium products, the weakness in the demand side resulted in declined prices that hover around at production costs, plus with strong rised mentality boosted by environmental protection checks, most traders now take a watchful stance.