Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment in the week ended on Friday May 31. On the one hand, it was hard for sellers to raise product prices and thus they became active to sell products but transactions were rarely concluded; on the other hand, low trading activity of terminal market weakened confidence of traders.

Rare earth market quotation in China: terbium oxide price declined slightly while prices of neodymium oxide and lanthanum oxide remained unchanged in early June. The positive side of the ban on rare earth mines in Myanmar has been gradually digested by the market. Currently, the industry is more concerned about the status of rare earths in Sino-US trade friction and changes in rare earth policies.

The latest prices of molybdenum powder, molybdenum concentrate and molybdenum oxide were unchanged from last week in the Chinese market in early June. The supply of raw materials remained tight and mainstream mine companies kept firm offers; ferro molybdenum manufacturers became cautious with the end of steel tenders; downstream chemical and alloy market was caught in wait-and0-see atmosphere. On the whole, the market would continue to stabilize. 

According to Hunan Daily, at the 2007 Hunan Science and Technology Innovation Award Conference held in Changsha on May 4, Hunan Provincial Governor Xu Dazhe said: "Hunan should speed up the construction of innovative provinces and create inland innovation highlands, entrepreneurship highlands, high-tech highlands and talent highlands."

A few days ago, the hot "Red Sea Action" has been quietly offline. This military movie, which has created a total box office of 3.6 billion yuan, has become the biggest winner of the Spring Festival New Year's greeting. Recently, it has also been shown on various Internet TV platforms and can be seen at home. Friends who have seen the film are all shocked by the two guns on the 054A naval frigate. When the enemy shells finally came in many directions, they saw the frigate facing danger. The two guns started quickly and cleared up instantly.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continue to show signs of decline in the week on Thursday May 30. The market expects the linkage effect of rare earth prices to drive up spot prices, but it seems hard to achieve as some traders seek for more sales under capital shortage and pressure of sales. 

Rare earth market quotation in China: domestic rare earth price

Rare earth prices were still in the upward trend in the week ended on Friday May 31, especially for praseodymium oxide, neodymium oxide and praseodymium neodymium oxide. The market kept rational mentality at the beginning of the week. However, after the NDRC responded to the relationship between rare earths and trade frictions, the industry’s enthusiasm for the rare earth sector broke out again. Insiders believed that the China-Myanmar rare earth trade policy, global trade disputes and other factors would activate the market, so domestic product prices kept climbing. 

Molybdenum prices in China maintained stability on the whole in the week began on Monday May 27. Ferro molybdenum price dropped slightly when steel biddings were relatively quiet. Strong expectations of tightening availability of molybdenum ores boosted confidence of sellers despite of continued weakness in the demand side. With the support of cost, factories were reluctant to reduce product profits, plus with the stabilization of international molybdenum prices, the market stabilizes in the short term.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are in the downward trend because the trading activity of terminal side is difficult to increase despite of stabilizing willingness in the raw material market. The downturn of spot goods transactions, capital turnover and imbalanced relationship between supply and demand increase traders’ willingness of sales. As a result, product prices tend to decline.

Rare earth market quotation in China: domestic rare earth prices start to show stabilization despite of continued deadlocked supply and demand and different expects for market outlook. The main factors affecting the price of rare earths are the fundamental performance of supply and demand and the value of strategic resources.