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. 

Chinese rare earth prices declined slightly in the week to Friday November 2. Praseodymium oxide price dropped from RMB405,000.00 per ton to RMB402,000.00 per ton; terbium oxide price remained unchanged at RMB 2,920.00 per kilogram while praseodymium neodymium oxide rose slightly to RMB317,000.00 per ton from RMB316,000.00 per ton. Under the deadlocked supply and demand, and stricter environmental protection, the market would be caught in wait-and-see atmosphere.

Prices of ammonium molybdate, ferromolybdenum and molybdenum bar rose slightly in the week to Friday November. Market sentiment tends to rationality, waiting for the next move in environmental protection and demand. 

The tungsten copper alloy market research report analyzes the global tungsten copper alloy market 2018 economy standing and prediction categorizes the tungsten copper alloy market size by vital players, varieties of types, application and tungsten copper alloy market distribution by top vital regions. This report guides through various segments of the global tungsten copper alloy market with market size status and forecast 2023.