Rare earth market quotation in China: praseodymium oxide price declines slightly while prices of lanthanum oxide and praseodymium neodymium metal keep stable. Opening this week, Southern Rare Earth rose the listed prices. Affected by that, heavy rare earth prices have been remained firm. For praseodymium and neodymium products, their prices show signs of decline on continued weak demand. 

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum bar and molybdenum oxide maintain stability on firm raw material markets but weak demand side. Under Chinese environmental protection inspection and tightening availability of spot goods, molybdenum concentrate price keeps steadily; the new round of steel tenders seem to fail to meet market expectations, pressing smelting factories, but prices stabilize. Offers in the molybdenum chemical and product markets keep stable, affected by the stabilization in raw material markets.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, China tungsten prices were unchanged from last week as market participants are waiting for new guide prices for the second half of April from lised tungsten companies. 

Rare earth market quotation in China: the latest prices of terbium oxide, lanthanum oxide and praseodymium neodymium oxide are unchanged from the previous trading day. Prices of praseodymium and neodymium products tend to stabilize after a long period of decline and trading atmosphere is quiet; for dysprosium and terbium product prices, good expectation for the outlook supports the market. 

China molybdenum prices are in a stalemate on Tuesday April 23 on limited trading volumes and weak market confidence. In the molybdenum concentrate market, with the support of tight supply, spot goods are limited and transactions are concluded at psychological prices of sellers. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China maintained stability in the week began on April 15 on the whole as partial narrow price adjustment had little influence on current deadlocked supply and demand. Opening this week, market participants would focus on new guide prices from large tungsten companies. 

China rare earth price remains stability on the whole despite products show different trends. For praseodymium and neodymium products, the deadlocked supply and demand presses manufacturers and prices are in the downward trend; for dysprosium and terbium products, their supply still remains tight, plus with active trading of downstream enterprises, market participants are optimistic. On the whole, the market now waits for the further moves in environmental protection, consumption for inventories and imports of Myanmar mines in May. 

Opening this week, Chinese molybdenum prices remain stability as new round of steel biddings fail to meet market expectations, affecting manufacturers’ sentiment. In addition, the decline in international molybdenum prices also weakens market confidence. With the support of tightening availability of molybdenum concentrates, downstream product prices get supported. On the whole, mainstream product prices would be expected to stabilize in the short term.

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Roskill, a notable industry source in terms of analysing specialty metals noted last year that global tungsten markets were returning to growth following several years of oversupply and low prices.