Domestic molybdenum price has been maintained weak adjustment recently due to tight supply of raw materials and the weakness in demand. For molybdenum concentrate market, the poor performance in steel biddings cools purchasing enthusiasm of downstream enterprises, so market trading is thin and price is weak.

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Analysis of latest tungsten market from Chinatungsten Online: The decline in guide prices for April released by large tungsten enterprises were basically in line with market expectations, but certainly further weakened market confidence. China’s tungsten market is weak in product price and thin in trading. The price of tungsten concentrate, APT, tungsten powder and tungsten carbide powder fell slightly.

Rare earth market quotation in China: domestic rare earth price maintained weak adjustment last week amid the price of neodymium oxide, praseodymium neodymium oxide and dysprosium oxide fell slightly. 

Molybdenum market quotation in China: domestic molybdenum price fell slowly last week as poor performance in new round of steel biddings hit market mentality. Insiders are reluctant to sell in the demand side while raw material market faces little pressure of selling. Affected by the Tomb Sweeping Day in China, molybdenum price will maintain stability.

Analysis of latest tungsten market from Chinatungsten Online: Ganzhou Tungsten released the guide prices for April yesterday: 65% wolframite concentrate was quoted at $17,581/t, down $645/t compared with last month; APT was quoted at $308/mtu, down $9/mtu month-on-month; medium particle tungsten powder was quoted at $44/kg, down $0.8/kg.

Rare earth market quotation in China: the latest price of lanthanum oxide, dysprosium oxide and lanthanum oxide is unchanged from the previous trading day on deadlocked supply and demand. 

The poor demand raised worry of businesses for the outlook of molybdenum concentrate market. And the weakness in raw material side caused anxious mentality for trading, so the quotation maintains stability.

Analysis of latest tungsten market from Chinatungsten Online: With the coming of Qingming Festival, domestic tungsten market without the guidance of news keeps quiet. The game between supply and demand is continuing, buyers and sellers remain low willingness in trading and businesses mainly wait for the new guide from large enterprises.