Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price is in a stalemate, affected by interwoven positive and negative factors posed by environmental protection inspections, low selling willingness and weak market demand. At present, the production in smelting factories is the key for the market. Tungsten market will remain low trading activity earlier June.

Rare earth market quotation in China: the latest price of europium oxide, praseodymium oxide and praseodymium neodymium metal is unchanged from the previous trading day.

The supply of molybdenum concentrate is tight and the quantity of steel biddings at the end of May increases, which offers support to the supply side. The rise in international molybdenum price boost market confidence and businesses raise their rised mentality.

Founded in 1892, the US veteran GE GE (Ge Corp) is now in a predicament of poor performance and falling share prices. General Electric chairman and CEO Flannery announced on November 13th local time that it would reorganize and sell more non main business through transfer of assets, layoffs and withdrawal from most non main business. If no accident, General Electric was the first to sell its most landmark lighting business in 125 years. "Tungsten" closely intertwined the history of a century whether the company had come to say goodbye.

According to the Chongqing morning news, in November 10th, with the largest and most advanced six tungsten fluoride production base in the country - the European and Chinese electronic special gas project was officially started in Chongqing.

Analysis of latest tungsten market from Chinatungsten Online: Chinese tungsten market is caught in heavy wait-and-see atmosphere at the end of May on thin terminal demand market trading. 

Rare earth market quotation in China: the latest price of terbium oxide and praseodymium neodymium metal climbs slightly while neodymium oxide price remains unchanged because concentrated replenishment of enterprises boosts market confidence and thus raises sellers rised mentality.

In Chinese molybdenum market, market offers have been remained weak recently due to unclear new round of tender for steel mill and weak ferro molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online: Tungsten ore enterprises that are facing high pressure of sales are not willing to sell their products because the environmental protection policy stopping production offers support to tungsten raw material market. 

Rare earth market quotation in China: Chinese rare earth price is stable on the whole amid the price of praseodymium and neodymium related products continues to show signs of rise.