Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China maintain stability with the impact of weak demand. With the support of high cost, sellers are reluctant to cut product prices and market prices show signs of bottoming out. With the approaching of the holiday of May Day, market participants mainly take a watchful stance. 

Chinese rare earth price was in the upward trend in the week ended on Friday April 24, 2020 but market transactions still were hardly concluded. In the light rare earth market, although downstream magnetic companies were not active in trading, affected by rainy weather and successive introduction of favorable national policies, the confidence of suppliers in firm offers has been strengthened. Prices have risen slightly. 

The molybdenum price in China was in the upward trend in the week ended on Friday April 24, 2020 because both buyers and sellers are active in trading. But with the impact of negative factors, insiders hold different views on the outlook. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and ammonium paratungstate (APT) prices in China are expected to stabilize because market participants believe there is little room for price falls after witnessing steady declines in recent weeks.

Ganzhou Tungsten Association (GTA) and some major tungsten companies in China have not offered forecast prices for tungsten concentrates and ammonium paratungstate (APT) for April due to a lack of liquidity in the market.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate(APT) prices are unchanged from the previous trading day. As the tungsten industry is experiencing an unprecedented downturn, demand from overseas buyers remains sluggish and market transactions are hardly concluded. 

The europium oxide, lanthanum oxide and praseodymium neodymium oxide prices remain weak adjustment in the middle of April. The light rare earth market has prices but no sales. Although the export increases in March year-on-year, domestic demand seems quiet and mainstream product prices also decline slightly. For medium and heavy rare earth market, under the strict control in smelting factories' inventories, deadlocked supply and demand eases slightly but new increased orders remain low.

Molybdenum market quotation in China: the latest prices of molybdenum oxide, molybdenum bar and ferro molybdenum maintain stability with the impact of good trading atmosphere in the international market. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain weak as market participants face great pressure from high costs of raw materials. The market seems difficult to rebound in the short term affected by the continued spread of the coronavirus. 

The rare earth price in China is unchanged from the previous trading day when market inquiry remains to be improved. Firstly, due to the impact of the closure of many overseas manufacturing companies, the prices of rare earth products have been declining. At present, the sales price is close to the cost, which has forced the holders to quote rationally.