The prices of molybdenum powder, ammonium molybdate and ammonium heptamolvbdate dropped slightly in the week to Friday December 14 due to continued weakness in steel tenders and pressure of demand and funds. Enterprises have maintained cautious attitude toward the market and cut their profits for more sales recently.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the midweek as terminal demand still limits the price rebound. Downstream factories’ ability for consuming raw material decreases and thus market trading is thin. In the short term, prices of mainstream tungsten products will continue the downward trend.

The latest prices of neodymium oxide, praseodymium oxide and praseodymium neodymium oxide maintain stability in the Chinese market when the tight supply raised enterprises’ rised mentality. But considering the continued weakness in terminal side, actual transaction prices are hard to rise. Besides, policy for storage and purchasing remains quite and supply and demand is in a stalemate. In the short term, rare earth price will mainly stabilize. 

Chinese molybdenum prices continued the weakness, affected by thin trading in the ferromolybdenum market. Molybdenum concentrate manufacturers have strong rised mentality as many factories stop production to undergo repair in winter, but actual transaction prices seem to be edged lower. The whole market now is caught in wait-and-see atmosphere. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continued to be in the downward trend due to low trading activity both in sellers and buyers. Purchasers are not strong in stocking up and seek for low-price resources, resulting in thin trading volumes. With the approaching of New Year's Day, insiders raise the wait-and-see sentiment. 

Rare earth market quotation in China: domestic rare earth price maintains stability in the midweek due to capital pressure at the end of this year. Traders are still worried and only adjust offer levels slightly. The supply side remains tight. on the one hand, mines in Myanmar are banned importing into China; on the other hand, Chinese environmental protection is continuing, but news of purchasing and storage is quiet. 

Molybdenum concentrate price declined slightly while molybdenum powder and molybdenum oxide prices remained stable in the Chinese market. Facing pressure of capital shortage, enterprises tend to be cautious on trading before the holiday of New Year's Day. Market participants now wait and see the new guide prices from the market. 

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten prices maintain stability compared with last week due to bad trading atmosphere caused by the decline in new guide prices from large companies. 

China rare earth prices still maintain stability on Tuesday due to heavy wait-and-see in the market. Northern Rare Earth Group released listing prices for December and praseodymium and neodymium related products rose slightly, which boosted market confidence to some extent. In addition, raw material supply and production cost benefit from Chinese environmental protection, so most insiders are optimistic about the outlook. 

The latest prices of ferromolybdenum, molybdenum concentrate and molybdenum oxide dropped slightly on Tuesday as the decline in prices and quantity of steel biddings weakened market confidence, and demand and funds failed to meet market expectations.