China rare earth prices are stable with good momentum in the week to Friday December 7. Earlier in this week, listing prices of Southern Rare Earth edged higher, boosting market confidence that benefited from expectations of tight supply. Insiders generally have strong rised mentality, but the weakness in demand side limited actual transactions. Therefore, in the short term, rare earth price will tend to stabilize. 

In the Chinese molybdenum market, prices of molybdenum powder, ammonium tetramolybdate and ammonium molybdate maintain stability, affected by tight supply of raw materials but weak demand in terminal market. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices came under pressure because of weak buying interest, with exporters of ammonium paratungstate (APT) and ferro-tungsten adjusting their offers downward.

In the Chinese rare earth market, prices of dysprosium oxide, lanthanum oxide and europium oxide climbed slightly in the midweek due to good sentiment of market participants. 

Prices of molybdenum oxide, ferromolybdenum and molybdenum concentrate dropped slightly in the midweek in the Chinese market. Recently, steel mills have been slowed down in tenders, further weakening market confidence. 

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its offer level for ammonium metatungstate (APT) at $271.2/mtu for the first half of December, down $3.5/mtu compared with last month. The further decline in large enterprises’ offer levels it in line with current downward trend in the market. 

Rare earth market quotation in China: domestic rare earth price continues to be stable in the midweek. On the one hand, spot resources become tight due to environmental protection and decreased imports from foreign countries; on the other hand, trading volumes are thin and enterprises face capital shortage. Therefore, insiders mainly wait and see at present. 

The latest prices of molybdenum power, molybdenum oxide and molybdenum bar are unchanged from the previous trading day due to continued weak demand and low buying interests. Although the relationship between China and America easing boosts market confidence slightly, deadlocked supply and demand presses prices down. In the short term, businesses will wait for the performance in steel biddings. 

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