Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are weak early this week on the whole, waiting for new guide prices from institutions and large tungsten companies. At present, the supply and demand is in a stalemate, market inquiry is not active, and downstream buyers purchase based on what they need. Therefore, tungsten market in early May shows no signs of rise and enterprises face pressure from the demand and capital sides. 

Rare earth prices in China continue the stability early this week as the sellers and buyers have different psychological prices for products. In the listing prices of Southern Rare Earth, prices of dysprosium and terbium edged higher, showing signs of good expect for medium and heavy rare earth industry. While the rebound in praseodymium and neodymium products lacked the strong supports from the demand side. The deadlocked cost and demand sides would go on in the short term.

The latest prices of molybdenum powder, ferro molybdenum and molybdenum concentrate remain stable in the Chinese market in early week when active steel tenders boosts market sentiment and supports production costs of manufacturers. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China was caught in heavy wait-and-see atmosphere in the first trading day after the holiday of May Day as most market participants are waiting for the new average tungsten forecast prices from Ganzhou Tungsten Association and offer levels for the first half of May from large tungsten companies. 

Rare earth market quotation in China: the latest prices of cerium oxide, terbium oxide and praseodymium neodymium oxide maintain stability early in May under the stricter environmental protection inspection in China. The supply of raw ores is expected to reduce and the production costs would keep firm. After a long period of price adjustments, most traders are cautious and waiting for new guides from the market. In the short term, the pattern between the supply and demand would get improved. 

Molybdenum market quotation in China: the latest prices of molybdenum concentrate, ferro molybdenum and molybdenum powder are unchanged from the previous trading day.

Since 2018, the price of tungsten concentrate has been running at about 110,000 yuan per ton. The market has gradually accepted this price. After all, compared with cobalt, the growth rate of tungsten is small. At the same time, the state is gradually strengthening the control of tungsten, rare earth and other important mineral resources. Especially in the era of growing trade disputes between China and the United States, it is self-evident that tungsten and rare earth will be more inclined to give priority to meeting the needs of national industrial upgrading.

Recently, the academic team of a team of scientists at a university in Chicago, USA, published in "Nature." They believe that tungsten may pose a health risk to the human body, especially tungsten dust and drinking water containing tungsten.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment before the holiday of May Day due to low trading activity, quiet fundamental side and deadlocked supply and demand. The market now is caught in wait-and-see atmosphere as market participants wait for the next move in May. 

Chinese rare earth prices continued to maintain stability in the first trading day after the holiday of May Day. Prices of neodymium and praseodymium products started to show signs of rebound, but without the support of large trading volumes, most traders are still rational. The environmental protection and consumption for low-price inventories increase the production costs and sellers are reluctant to sell. At present, most traders wait for the new listed prices at the beginning of this month.