Chinese rare earth prices were in the downward trend in the week began on Monday July 8, 2019 on deadlocked supply and demand and weak market confidence. Prices of light rare earth elements declined slightly on oversupply of sport resources and weak demand; medium and heavy rare earth elements market stabilized under the support of environmental protection inspection and tightening availability of raw materials. In the off season, trading volumes are limited and prices tend to decline.

Chinese molybdenum prices maintained stability in the week ended on Friday July 12, 2019 on active steel tenders and eased pressure of melting factories but cautious sentiment of traders. 

Analysis of latest tungsten market from Chinatungsten Online

The decline in Chinese tungsten prices has slowed down, but there is still controversy about when the price to enter the stage of rebound. Buyers and sellers have different views towards the outlook, and the whole tungsten market is weak. 

Rare earth market quotation in China: the latest prices of dysprosium oxide, neodymium oxide and praseodymium neodymium oxide edged lower in July. In the light rare earth markets, prices of cerium oxide and cerium related products decreased greatly, mainly because of the imbalance between supply and demand caused by the large amount of spot resources and the lack of back-end consumption.

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum oxide and ferro molybdenum are unchanged from the previous trading day on quiet market trading. In the raw material markets, molybdenum miners have reduced the production capacity of molybdenum ore due to the recent difficulty in mining, and the supply of raw materials is tight, which has prompted most holders to maintain their sale prices. 

Military of Taiwan received the strongest tanks equipped with KEW-A1 tungsten core armor-piercing discarding sabot (APDS) from US. Taiwan has purchased 108 units of M1A2T Abrams tanks for nearly 20 million US dollars each. It is the highest unit price record of the world's already serviced tanks.

Tungsten-containing compound plays a unique role in converting cellulose into ethanol because of its special function in catalyzing the cleavage of cellulose carbon-carbon bonds. This major discovery was recently discovered by Dalian Institute of Chemicals Physics of Chinese Academy of Sciences.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment in the mid week Wednesday July 10 affected by the sharp decline in new tungsten forecast prices from Ganzhou Tungsten Association.

Rare earth market quotation in China: prices of neodymium oxide and praseodymium neodymium oxide declined slightly caused by the worry for imbalanced supply and demand and low trading activity of downstream. Heavy rare earth elements prices kept stable under the rectification of the industry. 

Chinese molybdenum prices maintain stability as the market is caught in heavy wait-and-see atmosphere and traders remained cautious sentiment. Due to environmental checks and heavy rains, the production of raw materials is decreasing and market inquiry becomes active.