Analysis of latest tungsten market from Chinatungsten Online: A large tungsten enterprise in Jiangxi province released guide prices for late March on Tuesday. 65% wolframite concentrate was quoted at $17,209.3/t, down $310/t; 65% scheelite concentrate was quoted at $16,976.7/t, down $310/t; APT price declined by $5.3/mtu to 299.6/mtu. The guide prices fail to reach insiders’ expectation, weakening market confidence.

Rare earth market quotation in China: domestic rare earth price continues to maintain weak adjustment. Due to the increased shipments in the downstream market, downstream enterprises receive fewer orders, resulting continuing decline in market quotation. Insiders though that short-term rare earth price is likely to decline owing to unbalanced supply and demand. But considering the support of production cost and policy side, Chinatungsten Online forecast that the price still remains room to rise.

Ammonium molybdate market keeps firm quotation in the earlier weak while trading in high-price products is rare affected by weak raw material side. The price and trading volume of ammonium heptamolybdate and high pure molybdenum trioxide have not seen apparent improvement recently, which lowers traders’ wiliness in trading.

Analysis of latest tungsten market from Chinatungsten Online: Opening this week, domestic tungsten market continues to be in s stalemate. The increasing operating rate of mines affects sellers’ mentality while downstream manufacturers have no intend to enter the market. Therefore, market trading would be thin and industry insiders mainly focus on new guidance from large tungsten enterprises.

Rare earth market quotation in China: domestic rare earth price is stable on the whole with quiet trading atmosphere. Some varieties of rare earth that rose after the Chinese New Year holiday showed decline last week, downstream factories kept cautious on stocking up and sellers had good expectation for the demand for new energy and policy side for purchasing and storage. But short-term market without real demand supporting would be quiet.

Molybdenum concentrate has been concluded a large number of transactions for three consecutive weeks since March and downstream enterprises have certain stocks at hand. Most ferro molybdenum manufacturers postpone their plans for purchasing high-price raw materials when prices show decline in some regions. This week, quantity of steel biddings is expected to decline and new orders for molybdenum concentrate will not increase. Thus molybdenum market in China will be quiet.

Analysis of latest tungsten market from Chinatungsten Online: Last week, domestic tungsten price was weak without strength to rise. Tungsten ore traders diminished rised mentality, plus certain profits in stocks at the hands, profit-taking action in the market increased significantly. With the increased supply of tungsten raw materials, terminal demand also was released, but marker pric had not enough strength to rise. Therefore, the price of tungsten concentrate and APT mainly hovered at a relatively level.

Rare earth market quotation in China: domestic rare earth price maintained weak adjustment amid the price of terbium oxide, neodymium oxide and praseodymium neodymium oxide declined slightly, as downstream manufacturers mainly waited and saw to high-price raw materials. Though good expectation for new energy boosting rare earth permanent magnet, spot prices showed a slight rebound. With different mentalities of buyers and sellers, rare earth market has a strong wait-and-see atmosphere.

Most ferro molybdenum traders mainly waited and saw to reduce the trading as the new round of steel biddings was finished, coupled with the readjustment of international molybdenum price, ferro molybdenum market in China is expected to be in a stalemate this week.

Analysis of latest tungsten market from Chinatungsten Online: The overall tungsten price in China keeps stable this week. Enquiries and purchases in buyer’s market decrease, weakening the good growth momentum in the tungsten raw material market. Businesses with strong rised mentality have not kept strong confidence, so market trading is thin at present.