Today's rare earth market: a price correction seems to be happened in Chinese rare earth market, dysprosium price continues to remain weak trend and praseodymium neodymium market leading previous rise shows risks in high level. Most market participants believe that the price adjustment will help stabilize the market, and with the maintenance of fundamentals, rare earth prices still have room to rise in afternoon market. On the contrary, if the market continues to speculation, it will lead to more market intervention.

Price of rare earth products on Aug. 29, 2017

Picture of ammonium molybdate

The latest price of molybdenum concentrate, ammonium molybdate and ferromolybdenum is unchanged from previous session. The supply and demand refuse to budge. Molybdenum market in China is quiet and its price trends to be stable after weakening. A new round of bidding in steel mills needs to be concerned and downstream demand needs to be followed.

Last week, molybdenum market in China was weak, and trading volume was declined, thus influencing buyers’ confidence of supporting higher price. In molybdenum concentrate market, the quantity of shipping is still restrained by the Central Environmental Protection Inspectorate. Part of sellers are willing to rise their price as supply is steel tight, but weak demand colds the market trading atmosphere. Sellers are cautious to sell their goods. 

In ferromolybdenum market, the rally in its price is hard to maintain despite a slight increase of biddings in steel mills. Bidding price also declines. In molybdenum chemical and alloy market, price is greatly affected by the material side and new orders are unpromising. But markers are wills to stabilize the current price due to high cost and expectations on high season in September and October. 

On the whole, under the stalemate between supply and demand, the short-term operations in the molybdenum market suggest being stable and domestic molybdenum price may have room for improvement.

International, quotations follow the Chinese market. International molybdenum oxide price at Platts Metals (US MW) quote USD 8.2 - 8.35/lb and European molybdenum price quote USD 20.1 -20.35/kg.

Price of molybdenum products on Aug. 29, 2017

Rare earth market in China is quite today. The proposal of delay and release reserve currency from Rare Earth Industry Association has caused heat discussion. Part of participants believes that the proposal will benefit the long-term stable development of rare earth industry. But others think state intervention will make the market loss of its own regulatory function. Different mentality in the market. Buyers and sellers are cautious. Europium oxide price and other prices change slightly.

Price of rare earth products on Aug. 25, 2017

The latest price of molybdenum concentrate, ammonium molybdate and molybdenum bar is unchanged from previous session. The supply and demand refuse to budge, the difference between buyers and sellers is obvious and the volatility of steel market affects ferromolybdenum’s demand. With the tight supply of molybdenum concentrate, Chinese molybdenum prices are stable and the market remains wait-and-see state.

Price of molybdenum products on Aug. 25, 2017

Tungsten market in China continues to remain firm this week. At the beginning of this week, long-term price of large tungsten enterprises surge and market confidence returns, thus supporting tungsten goods quotation. 

Tungsten Concentrate Cost Composition in Micro Aspects

Tungsten is advantageous resource in China. Tungsten reserve in China accounts for 70%, which ranks the first place in the world. According to yearly average data, tungsten exploration and supply amount account for 80% of total global output. 

With the shortage of raw material supply, the divergence between tungsten mine and smelter has narrowed gradually. Market participants tend to insist on a conservative selling way, waiting for higher price.

The latest price of tungsten concentrate, ammonium paratungstate and tungsten powder continues to be strong. Tight supply, positive guide price of large enterprise and a better demand provide the market with rising kinetic energy, leading shippers actively offer quotation.

Recently, growth of rare earth price in China is limited, and the trend of price callback of dysprosium series is obvious. The day before, Association of China Rare Earth Industry recommended National Development and Reform Commission and National Reserve Bureau to postpone the purchase and release some rare earth reserves.

Opening this week, tungsten market in China remains firm. Demand has not recovered, and some traders are still cautious. Supported by supply crunches and positive guidance of large tungsten enterprises, traders are bullish on the market. Tungsten price in China increased substantially.