Chinese molybdenum price remains weak adjustment amid molybdenum oxide price falls slightly and the price of molybdenum concentrate and ammonium heptamolvbdate is unchanged. Molybdenum market is both weak in supply and demand due to stricter environmental protection inspection. Traders cut product profits for more transactions in some regions, which weaken market confidence. Insiders with cautious mentality mainly focus on the steel biddings.

Analysis of latest tungsten market from Chinatungsten Online: Chinese tungsten price continues to maintain stability because the fundamentals of supply and demand are the same as before. The outlook of the market is unclear and market participants wait and see. Market trading is thin in China at present.

Opening this week, the latest price of europium oxide, praseodymium oxide and lanthanum oxide is unchanged from the previous trading day in China. 

In the molybdenum concentrate market, miners face little pressure of shipments and businesses try to stabilize the market; prices of steel biddings fail to meet market expectations, factories face risks of cost overhang, so ferro molybdenum price will continue to be stable.

In November 22nd, the famous BOSCH company issued a car brake system called iDisc. It is worth noting that the iDisc brake system uses a tungsten carbide sprayed brake disc, cleaner and more efficient. The future system is expected to be a great magic weapon for the German family car to cope with the fierce competition in the global car market.

Analysis of latest tungsten market from Chinatungsten Online: Tungsten market in China is both weak in supply and demand, the flow of goods from upstream to downstream industry chain is greatly affected by the environmental checks. Market trading is thin as both sellers and buyers are caught in wait-and-see atmosphere. Offers of mainstream tungsten products have been remained stable recently.

Chinese rare earth price climbs slightly this week amid the price of praseodymium oxide, praseodymium neodymium metal and europium oxide remains unchanged. 

Chinese molybdenum price stabilizes after a period of weak adjustment. Earlier this week, the price decline in large mines weakened market confidence, plus with continuous weak demand, the prices of molybdenum concentrate and molybdenum oxide fell. Affected by risks of cost overhang, ferro molybdenum manufacturers stabilized product offers.

Analysis of latest tungsten market from Chinatungsten Online: The environmental checks affect Chinese tungsten market greatly. The operating rate of APT smelting factories is low, boosting prices of products related with tungsten powder and tungsten carbide powder. Although miners have poor shipments, they are reluctant to lower product offers. 

The latest price of neodymium oxide, dysprosium oxide and praseodymium neodymium oxide continues to maintain upward trend because the environmental checks reduce the operating rate of factories and downstream magnets enterprises’ stocking up boosts market confidence of sellers.