Molybdenum market quotation: The latest price of molybdenum concentrate, ferro molybdenum and sodium molybdate is unchanged from the previous trading day due to the thin market. 

Analysis of latest tungsten market in China from Chinatungsten Online：Last Friday, the long-term negotiated price for the second half of October from Zhangyuan Tungsten was released. Wolframite concentrate quoted at $16,046 per tonne, down $232 per tonne compared with the first half of this month; scheelite concentrate lowered $232 per tonne to $15,814 per tonne; APT lowered $310 per tonne to $280 per mtu. Although the guidance price edges lowers on the whole, slightly higher than the actual transaction of the spot market. It also gives some support for bulk single price.

Rare earth market quotation: Rare earth price kept declining last week affected by less trading volume in the downstream and the reduction of enterprises’ listing price that weakened market confidence. 

Molybdenum market quotation: Chinese molybdenum products price was weak on the whole last week amid molybdenum oxide price remained stable, due to the light trading in the market. 

Molybdenum market quotation: The latest price of molybdenum concentrate and ammonium heptamolybdate is unchanged from the previous trading day while ferro molybdenum price rises slightly. 

Tungsten Concentrate Cost Composition and Price Trend in Meso Economic Prospects

Tungsten concentrate metallurgy cost includes raw material price, hydroelectric power, labor cost, tax reveue and profit are the actual cost. Policy cost related to national politics, economic, labor are out of control, but they are also important factors. They are meso cost. In this article we will analysis it as macro cost. Below are the composition;

Chinatungsten Online experts predict that new mechanism and institution for ecological environmental protection and supervision are going to be set up decided by the 19th Communist Party of China National Congress. According to Xi Jinping’s statements in his report—to prompt the ecological civilization construction and leadership and team building, and to establish regulatory agencies to manage state-owned natural resource assets and monitor natural ecosystems.

Molybdenum market quotation: Chinese molybdenum prices have been in a stalemate in recent months. In molybdenum concentrate market, environmental protection policy limits the production in mines as well as reduces the demand in downstream market. Trading volumes keep weak and sellers wait and see. 

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, domestic tungsten products price continues downward trend but with slower pace, mainly boosted by production restriction in supply side. Raw material side attempts to support the market while downstream enterprises slow down their procurement schedules. The actual transaction in the market is less and tungsten prices have no enough power to rise.

Rare earth quotation: Chinese rare earth prices continue to decline amid neodymium oxide and lanthanum oxide price edge lower. In October, Pr-Nd metal listing price of Bao Steel (Group) is RMB 570, 000/tonne, down RMB 95,000/tonne month-to-month. Heavy wait-and-see atmosphere covers the downstream market, oversupply is hard to change in the short term, coupled with no favorable news from the government and an enterprise, the short-term market trend is still not optimistic.