The latest price of ferro molybdenum, ammonium molybdate and molybdenum concentrate declines slightly, affected by decreasing demand of steel mills and Sino-US trade friction. Facing the pressure from steel mills, ferro molybdenum market mainly trades low-price goods and price is falling. Considering manufacturers without plans in stocking up, most insiders believe that ferro molybdenum price still has room for declining. Whether the terminal demand can recover in April or not still remains to be seen.

Analysis of latest tungsten market from Chinatungsten Online: Expectations for terminal demand recovery and tight supply of raw materials are disappointed in the tungsten market, which presses the current market price. Given that, short-term tungsten price will maintain weak adjustment.

Rare earth market quotation in China: domestic rare earth price is running steadily amid the latest price of PR ND oxide, dysprosium oxide and cerium oxide is stable. Affected by Sino-US trade friction, rare earth permanent magnet declined sharply. In the spot market, supply was relatively stable but price fell down, the same level before the Chinese New Year.

The weakening molybdenum market in China has brought some negative impact on the international market. However, the tight supply also offers some support to market price. At present, the main reason for poor sales is further declining of insiders’ expectations and uncertainty for demand of steel mills, resulting wait-and-see mentality. Whether the demand of steel mills could recover will be the focus of insiders.

PyroGenesis, a manufacturer of spherical metal powders using patented plasma processes, has announced that PyroGenesis Additive can now offer Tungsten free metal powders to the additive manufacturing industry.

One of the largest ever tungsten carbide control valves that mainly designed to tackle the issues associated with black powder were designed and built by Weir Valves & Controls UK.

Analysis of latest tungsten market from Chinatungsten Online: After China’s two sessions, spot goods in the raw material market are increasing. While market trading follow up slowly and purchasers force prices down, and thus tungsten price is in the downstream trend in the short term.

Rare earth market quotation in China: the latest price of terbium oxide, europium oxide and praseodymium oxide is unchanged from the previous trading day. Imbalance between supply and demand is still the main factor for rare earth price. Downstream enterprises with strong demand for lowering prices, but sellers are not willing to cut product profits. Therefore, the whole market trading is thin. Given that, rare earth price at the end of the month will be weak.

The game between molybdenum raw material market and terminal market will continue and approaching the end of the month, some miners are more willing to sell. New increased trading of molybdenum concentrate may increase compared with last week amid shipment prices of large mines needs to be concerned for great reference. For ferro molybdenum market, manufacturers are expected to lower their expected prices to ease pressure of production costs and price will be adjusted in a certain space.

Analysis of latest tungsten market from Chinatungsten Online: Last week，tungsten raw material market was suppressed by bearish factors after the decline in guide prices from large enterprises for late March. The price of ferrotungsten, sodium tungstate and tungsten powder was adjusted slightly, but products in high quotation were hardly to be concluded, more transaction prices mainly concentrated in the floor level. Sellers started reducing product prices for more transactions while downstream customers purchased at a relatively low price.