China molybdenum prices tend to be weak owing to the declined value-added tax (VAT) in April. But most participants expressed that market prices are basically based on the relationship between the supply and demand, especially for ferro molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is expected to maintain stability in March after the end of China’s Two Sessions as there are many uncertain factors that affect market sentiment and trading activity. 

Rare earth market quotation in China: prices of terbium oxide, dysprosium oxide and DyFe edges higher compared with last trading day due to continued tightening availability of raw materials. The listed prices of Southern Rare Earth rose slightly early this week, plus with stricter environmental protection policy, rare earth market is boosted but actual transactions need to be improved. 

Molybdenum market quotation in China: as the steel biddings keep quiet, ferro molybdenum price declines slightly and traders also become more cautious. Raw material sellers are still reluctant to sell their products owing to continued tight supply. For molybdenum chemical and product market, prices of sodium molybdate and ammonium molybdate remain unchanged considering low trading activity and thin market trading.  

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are unchanged from last week at the beginning of the week began on Monday March 25. The supply of molybdenum ores is tight and sellers are reluctant to sell; downstream buyers remain low buying appetite while smelting factories take a watchful stance under the weakness of both supply and demand sides.

Rare earth market quotation in China: the latest price of dysprosium oxide and DyFe rise slightly while dysprosium oxide price is unchanged from the previous trading day in the Chinese market. It was reported that the import of rare earth ores from Myanmar will be banned, which raises the worry of insiders. Therefore, dysprosium product sellers are reluctant to sell their products. But considering the continued weakness in the demand side, the prices do not rise sharply. 

Molybdenum market quotation in China: the latest prices of molybdenum powder, ammonium hptamolvbdate and ammonium molybdate are unchanged from the previous trading day. For molybdenum concentrate market, the tightening availability of raw materials raise sellers’ rised mentality; ferro molybdenum manufacturers take a watchful stance, waiting for the latest news from steel tenders. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained stability in the week to Friday March 22 on firm raw material prices but high pressure of smelting factories. Considering the deadlocked supply and demand in the market, market participants mainly take a watchful stance.   

Rare earth market quotation in China: prices of terbium oxide, dysprosium oxide and DyFe edge higher but praseodymium oxide price declines slightly on Mar. 25, 2019. For terbium and dysprosium products, affected by Chinese environmental protection policy and reduced imports, the supply is expected to be tight, so prices keep rising. 

Opening this week, Chinese molybdenum prices are unchanged from last week due to quiet steel biddings. As the decline in international molybdenum prices weakens domestic market confidence, high-price resources are hardly concluded, and low-price goods are few, domestic molybdenum market tends to maintain stability. In the short term, market participants would focus on the move in steel biddings.