Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its fist offer for APT in November at $178.2/mtu, unchanged from the second half of October.

Rare earth market quotation in China: domestic rare earth price is unchanged from the previous trading day. In November, the one-month special inspection and rectification in the rare earth industry brought some confidence to the market, coupled with cots support, traders lower their willingness in reducing product prices and the prices of rare earth products were stable. Due to downstream factories entering the market slowly, actual transactions need to be followed. 

Under Chinese environmental protection, the supply in the raw material market continues to be tight, but high product prices raise customers’ wait-and-see mentality. 

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten prices keep stable compared with last week. Average tungsten prices from Ganzhou Tungsten Associations and forecast prices for earlier November from large enterprises will soon be released and thus the whole market is caught in wait-and-see atmosphere. 

The latest prices of praseodymium oxide, neodymium oxide and praseodymium neodymium metal maintain stability in Chinese market. MIIT’s rearrangement for rare earth industry boosts market confidence and sellers raised their rised mentality, but the demand side is still weak. Considering uncertain policy for purchasing and storage and high stocks, buyers and sellers in the market mainly wait and see. 

Chinese molybdenum prices maintain stability in the week to Tuesday November 6. Market sentiment tends to rationality when favorable factors of environmental protection and steel biddings come to an end. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment in the week to Friday November 2. The environmental protection becomes stricter reducing production of raw materials and limiting customers’ consumption. Bad trading atmosphere pressed down mainstream tungsten prices. Before the clear new tungsten guide prices, sale and purchase will be in a stalemate. 

Rare earth market quotation in China: domestic rare earth price shows signs of recovery earlier in this week. The policy side that a major clean-up would be coming soon strengths traders’ good expectations for the tight supply in the raw material market and prices of praseodymium and neodymium related products rise slightly. The current market demand remains thin. The market waits for new round of listing prices of large enterprises. 

Opening this week, prices of sodium molybdate, ferro molybdenum and molybdenum bar is unchanged from last week with the cooler steel biddings and cautious mentality of downstream factories. Most traders seem willing to consider profit-taking at the beginning of November, but affected by the environmental protection, the supply of spot goods remains tight and purchases are difficult in forcing prices down. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continued to remain weak adjustment on the first trading day of November owing to deadlocked weak demand and tight supply, and low trading in the market. Traders now highly focus on new tungsten guide prices from Ganzhou Tungsten Association and large enterprises.