Rare earth market in China today: price differentiation in domestic rare earth products amid prices of praseodymium neodymium products pick up.

Molybdenum market in China today: the latest price of molybdenum concentrate, sodium molybdate and molybdenum oxide see a recovery. Shortage in the supply side and strong support in the bottom of molybdenum price. 

The latest analysis of tungsten market in China from ChinaTungsten Online: tight supply becomes the most factors in the price hike of tungsten concentrate, and the rally continues to drive tungsten price. 

Rare earth price in China remains stable today. With the relevant departments involved to control the rally in previous prices, some small businesses or traders declined their supply, thus recent rare earth price has a callback. Most market participants still believe that the supply of rare earth would be tight overall.

The latest price of molybdenum concentrate and ammonium tetramolate slightly recovers and ammonium tetramolate price is unchanged from previous session. After more than a week’s adjustment, the market mentality becomes better, trading volume improves and price sees a steady recovery. The movement in the demand side needs to be followed. 

Price of molybdenum products on Aug. 31, 2017

Picture of molybdenum bar

Peninsula Mines (ASX: PSM) has divested one of its assets in South Korea, the Daewha molybdenum-tungsten project. The sale will generate proceeds of nearly $700,000.

The price of europium oxide, terbium oxide and praseodymium neodymium oxide continues to edge lower today. In the first half of 2017, illegal exploitation and production have made the oversupply of rare earth market reversed.

The latest price of molybdenum concentrate, molybdenum oxide and ammonium heptamolybdate is unchanged from the previous trading day. 

Opening this week, Chinese tungsten market continues last week’s fierce gains. Prices of tungsten goods quickly break through different levels and with the support from supply side, the momentum is still advancing. 

The latest price of tungsten concentrate, ammonium paratungstate and tungsten rod continues to rise. Tungsten price in China keeps firm rising, market supply is still tight and the rally in raw material continues to conduct to the downstream consumers of cemented carbide. In the short term, tungsten market in China will keep rising supported by tight supply and demand, trading volume remains weak and businesses will be more cautious in the their operations.

Price of tungsten products on Aug. 29, 2017

Picture of tungsten trioxide