Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the tungsten powder and tungsten carbide powder prices declined slightly due to continued weakness in the demand side and no clear guidance from the fundamental. 

Rare earth market quotation in China: the latest prices of DyFe, terbium oxide and dysprosium oxide climb slightly while lanthanum oxide price remains unstable. The rise is mainly due to the tight supply expectations of the market after the limited import of Myanmar mines, coupled with the tough efforts of domestic environmental inspections.

China molybdenum prices maintain stability on the whole due to low enthusiasm of steel biddings and the influence of recent Sino-US tariff issues. Market trading confidence has faded, but under the support of high prices of molybdenum concentrates, smelting manufacturers have rised mentality and stabilize their offer levels. This week, most insiders would wait for the release of new guide prices, environmental protection inspection and Sino-US trading relationship. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate and tungsten powder prices in China remained weak adjustment in the week ended on Friday May 10, affected by the decline in new guide prices from tungsten associations and large companies. 

Rare earth market quotation in China: domestic rare earth prices continue to show different trends. Prices of praseodymium oxide, dysprosium oxide and DyFe decline slightly while lanthanum oxide and cerium oxide edge higher. The rise in the praseodymium oxide and dysprosium markets benefits from the tightening availability of raw materials. At the same time, the price decline is owing to the weak demand in the market. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, molybdenum concentrate and ammonium molybdate rise slightly early in this week, affected by raised offer levels of large mines last week benefited the supply and cost sides of raw materials. Most traders and downstream buyers have good expect for the market, but terminal demand is following slowly. Under the limited spot resources and unstable trading environment, the actual market trading is not active and more insiders take a watchful stance. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in China remained weak adjustment as market confidence of the industry chain was weakened by the decline in new guide prices from large companies and institutions. 

Rare earth prices in China were mixed in the week ended on Friday May 10. Prices of dysprosium oxide and terbium oxide were stable with good momentum while praseodymium oxide and neodymium oxide prices remained weak adjustment. The rise benefited from the worry of tight supply and the price decline was owing to negative sentiment of downstream buyers. On the whole, the long-term environmental protection inspection would support the cost side, and market prices will be adjusted slightly under different views on the outlook.

Molybdenum prices in China showed good momentum in the week ended on Friday May 10 because increased new offers from large mines boosted market confidence. The molybdenum concentrate market kept firm offers as sellers were reluctant to sell on tightening availability of raw materials. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are under pressure affected by the decline in new average tungsten forecast prices from Ganzhou Tungsten Association and offer levels from listed tungsten companies. As orders for downstream alloy products are in a relatively low level, traders remain low trading activity and transaction prices mainly hover round the new guide prices.