Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, Chinese tungsten market keeps stable on the whole, but supply and demand still refuses to budge. The tax law of environmental protection that will soon be implemented increases manufacturers’ production costs, coupled with strong rised mentality of raw material side, short-term tungsten price will be stable with good momentum.

Rare earth market quotation: Chinese rare earth price shows a slight rebound with good market atmosphere. Rare Earth Office of the Ministry of Industry and Information Technology has held a liaison meeting of inter-ministerial coordination mechanism for rare metals recently, and said it will maintain the high-pressure situation of illegal activities of rare earth. The industry crackdown may ease the contradiction between supply and demand in the rare earth market, boosting rare earth plates. Prices of praseodymium and neodymium metal rise greatly. 

Spot goods in the molybdenum concentrate market has been maintaining at a low level recently. Starting from December 22, a large mine in Heilongjiang province stopped work to undergo repair for 10 days. The two factors tighten the supply of raw material. However, the demand slowed down due to the downstream pre-stocking in the earlier stage. The price of molybdenum concentrate continues to maintain at high level at RMB 1,460-1,470/t.

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten concentrate market features tight supply and high price in China now and downstream manufacturers with low rate of production keep rising product prices. In last week, 65% wolframite concentrate was quoted at $17,209-17,519/t, up $465/t; APT was quoted at $299.6-304.8/mtu, up $5/mtu. 

Rare earth market quotation: Chinese rare earth price showed signs of rebound last week amid the latest price of lanthanum oxide, neodymium oxide, europium oxide and praseodymium oxide is unchanged from the previous trading day. 

Molybdenum market quotation: Chinese molybdenum market has been increase slightly recently amid the price of molybdenum concentrate, ammonium heptamolybdate and molybdenum bar rises greatly. 

Analysis of latest tungsten market in China from Chinatungsten Online: The supply and demand in Chinese tungsten market will still refuse to budge with the approach of New Year’ Day, posed by stopping production in mines and factories, interwoven environmental protection policy and financial strain. This week, the new guide prices from large enterprises and associations will come one after another and with the support of costs, market expectations will be positive.

Rare earth market quotation: Chinese rare earth price shows signs of rebound this week amid the price of praseodymium neodymium oxide rises slightly and europium oxide price maintains stability. And market enquiry and transactions also increase. 

Considering the tight supply of spot goods in tungsten concentrate market, miners rised mentality is stronger, selling part of molybdenum concentrates in advance. Sellers in the market are now bullish on product prices. 45-50% molybdenum concentrates were quoted at RMB 1,440-1,460/tonne.

Analysis of latest tungsten market in China from Chinatungsten Online: The second guide price of APT in December was released by Xiamen Tungsten yesterday, which was $294/mtu, up $5.3/mtu on the month. The rise in guide prices stimulates the enthusiasm for raising prices in the raw material market and mainstream product prices continue to maintain good momentum. Some smelters expressed that it is hard to get APT when price is lower than $298/mtu.