Rare earth prices have been stabilized in China free market in this week to Friday August 17. Under the pressure of imbalanced supply and demand, prices of praseodymium oxide, europium oxide and dysprosium oxide show signs of decline.

Chinese molybdenum prices retreated in the week to Friday August 17 after declining in prices of steel tenders and international market. ChinaTungsten Online assessed price for molybdenum powder in China free market at RMB 250.00/kg, molybdenum concentrate at RMB 1,800.00/t and ammonium heptamolvbdate at RMB 128,000.00/ton.

Are you in the scorching northern hemisphere now? Or in the cold southern hemisphere? The seasons will change again in any case. We will eventually need the tire studs owing to the change of weather, especially in the cold and wet weather.

Tungsten carbide are mainly embedded in car tires to prevent the car from slipping on wet ice surface and are very popular in many European countries’ markets.

Tungsten disulfide has been widely applied in the automobile industry and brought a lot of benefits for automobiles.

As a new type of solid lubricating material, tungsten disulfide is one of the materials with high level of lubricity at present. Its chemical property is stable, and it can be applied in all kinds of demanding conditions.

With the rapid development of IT, chip can be regarded as the brain of statistics analyses, the core. As for the high-purity sputtering target material, the most high-end application is the field of very large-scale integration circuit chip, that is, semiconductor chip field. It has taken up a large part of market share. 

On this Monday, we have analyzed the future trend of US dollars on our Wechat public account “Chinatungsten Online” and made some suggestions for the tungsten and molybdenum industry in China.

Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices in China tend to stabilize this week after a fast decline in July. Manufacturers’ product profits are cut greatly and they appear unwilling to sale at present. A new round of environmental protection inspection will be launched on August 20 and insiders are in wait-and-see mood.

The latest prices of neodymium oxide, dysprosium oxide and praseodymium neodymium metal stabilize on Thursday August 16 in Chinese market. Affected by a new round of environmental checks, the relationship between supply and demand is in a stalemate, and market participants wait and see the outlook. Rare earth price will maintain stability in the short term without clear guides from the market. 

Chinese molybdenum prices retreated on limited new increased orders. Ferro molybdenum price slid from RMB 132,000 per ton to RMB 130,000 per ton. While ammonium heptamolvbdate price stabilized at RMB 128,000.00 per ton.

RMB exchange rate trend

Devaluation of RMB

Let’s look back the exchange rate of RMB. Last week, RMB closed at around 6.85 against the dollar, while it fell sharply on Monday's opening, opening at 6.86 and closing at about 6.87.