Analysis of latest tungsten market from Chinatungsten Online

Ganzhou Tungsten Association (GTA) has increased its tungsten price forecasts for March in response to the recent rebound in prices, while raising its concerns of a supply shortage because most producers have not yet resumed operations since the Lunar New Year holiday in February.

Rare earth market quotation in China: rare earth prices show different trends in the week to Tuesday March 12. Terbium oxide price edges higher as traders have strong rised mentality affecting by tightening availability of raw materials. Prices of cerium oxide, neodymium oxide and dysprosium oxide decline slightly on low buying appetite of downstream and thin market trading. 

China molybdenum prices show signs of rise in the week on Tuesday March 12 owing to good sentiment of market participants affected by raised international molybdenum prices and tightening availability of spot goods. Ferro molybdenum prices climb slightly when insiders wait for new offer levels of large mines and the next move in steel biddings. But the weakness in the terminal side still the main factor affecting market trend. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained unchanged last week after a slight adjustment with the release of average tungsten forecast prices of Ganzhou Tungsten Association and offer levels of listed tungsten companies.

Rare earth market quotation in China: prices of praseodymium oxide, lanthanum oxide and neodymium oxide were unchanged from last week. Under stricter environmental protection inspection and unstable trade economy, insiders remain low trading activity, taking a watchful stance. This week, rare earth market is expected to keep steady. 

Opening this week, the latest prices of sodium molybdate, ammonium molybdate and ferro molybdenum rose slightly boosted by increased international molybdenum prices and tightening availability of raw materials. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remained stable on deadlocked supply and demand. The average tungsten forecast prices of Ganzhou Tungsten Association and offer levels of listed companies for March were mixed, showing insiders’ different expectations for upstream and downstream price trends. 

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal edged lower from last trading day. The supply of dysprosium and terbium is expected to be tight, which raises traders’ confidence. While praseodymium and neodymium prices are pressed by deadlocked supply and demand. Some traders even cut product profits for more sales. Taken together, market prices are in the downward trend. 

China molybdenum prices maintain stability on the whole because the cost and supply sides are in a stalemate. Molybdenum concentrate prices are boosted by raised offer levels of large mines while decline in prices and quantity of steel tenders presses ferro molybdenum prices. Smelting factories mainly take a watchful stance with reduced product profits. 

Analysis of latest tungsten market from Chinatungsten Online

Ammonium paratungstate (APT) and tungsten concentrate prices climbed slightly while tungsten powder price edged lowered compared with last trading day in China on thin market trading and heavy wait-and-see atmosphere in the market.