Analysis of latest tungsten market from Chinatungsten Online: The overall tungsten price in China keeps stable this week. Enquiries and purchases in buyer’s market decrease, weakening the good growth momentum in the tungsten raw material market. Businesses with strong rised mentality have not kept strong confidence, so market trading is thin at present.

Rare earth market quotation in China: domestic rare earth price performed steadily and rare earth permanent magnet grew strongly. The development of new energy has a good momentum and industry insiders are optimistic about the demand for the permanent magnet industry in the future. However, the recent news has been quiet, market fundamentals are difficult to improve, so the price of rare earth is inhibited. The overall performance of the market is temporarily stable with slight adjustment in some regions.

The tight supply of molybdenum raw material will continue until the end of the month. Given that, Chinatungsten Online believes that miners would not reduce their quotation forwardly, so molybdenum price will mainly stabilize in the short term. Certainly, enterprises that face capital pressure may increase shipment by cutting profits.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price is stable on the whole with fewer high-price transactions and weak demand in terminal market. Manufacturers in the raw material market become active in selling, but buyers tend to force price down. Therefore, market trading is in a bad atmosphere.

Rare earth market quotation in China: domestic rare earth price lowered slightly amid the latest price of neodymium oxide and praseodymium neodymium oxide dropped and europium oxide price remained unchanged. The decline is due to weak demand in terminal market, cautious mentality in downstream purchasing and quiet policy side. Oversupply is the main feature in the market and short-term rare earth price is expected to maintain weak adjustment.

Steel biddings will soon come into the off season. Affected by that, traders are cautious on high-price transactions, which stabilizes ferro molybdenum price and reduces manufacturers’ willingness in purchasing high-price raw materials.

Analysis of latest tungsten market in China from Chinatungsten Online: Domestic tungsten price continues its stable trend with improved transactions mainly on rigid demand. With the increase of sales willingness of traders, the wait-and-see atmosphere becomes heavier in the buyer’s market. The whole market now is maintaining low enthusiasm in trading, limited the price rise.

Rare earth market quotation in China: domestic rare earth price maintains stability on the whole amid the latest price of terbium oxide and dysprosium oxide rises slightly and cerium oxide price is unchanged from the previous trading day.

Ammonium molybdate enterprises raised quotation yesterday amid the first grade ammonium molybdate was quoted at RMB 11,500-11,600/t. Most buyers now are cautious on high-price products. After the rise of molybdenum concentrate price, some enterprises start to purchase in a small amount of quantity, but high-price products are seldom concluded.

Analysis of latest tungsten market in China from Chinatungsten Online: Trading volumes in tungsten market have been remained at a low level since the Chinese New Year. Opening this week, some traders are more willing to sell, but downstream factories only purchase on their orders, which enhances the heavy wait-and-see atmosphere. So tungsten price will keep stable in the short term.