Chinese molybdenum price remains weak adjustment this week as prices in the new round of steel biddings show no signs of rise, which greatly influences the mentality of manufacturers. 

Analysis of latest tungsten market from Chinatungsten Online: The forecast average prices for the second half of May were released by large tungsten enterprises on Tuesday, which basically meets the expectations of businesses. The rise or decline is gentle for tungsten market, showing large enterprises’ conservative attitudes on market expectations.

Trading atmosphere gets better in Chinese rare earth market, benefiting from the rising of listing prices of Southern Rare Earth Group amid terbium related products climbed by 0.57 percent. The move surely boost market confidence of sellers, together with downstream manufacturers intend to enter the market, rare earth price in China shows signs rise. The latest price of praseodymium oxide, terbium oxide and europium oxide remains unchanged.

Chinese molybdenum prices are unchanged on heavy wait-and-see atmosphere in the market due to the new round of steel biddings. In the molybdenum concentrate market, spot goods are tight, terminal demand remains weak and sellers are reluctant to sell. For ferro molybdenum market, production costs and demand refuse to budge in the whole industry chain and manufacturers are focusing on the coming of new steel biddings, so the market remains quiet. 

Analysis of latest tungsten market from ChinaTungsten Online: Affected by the environmental checks resulting in instability of industry chain, the operating rate of APT smelting factories lowers further, which influences the consumption of tungsten ores and supply for downstream market directly. 

Rare earth market quotation in China: the latest price of molybdenum bar, PR ND oxide and molybdenum oxide maintains stability on continuous deadlocked supply and demand. The whole industry chain is now cautious, waiting for the listing prices of large rare earth enterprises and policy news. Downstream market makes inquiry mainly depending on rigid demand. This week, Chinese rare earth price will maintain the current market trend.

Chinese molybdenum prices show stable on the whole amid the price of sodium molybdate, ammonium heptamolvbdate and molybdenum powder is unchanged from the previous trading day. 

Analysis of latest tungsten market from Chinatungsten Online: Last week, Chinese major production areas have polarized on mainstream tungsten product prices, mainly affected by smelting factories stopping or limiting production under the central environmental actions. As a result, APT market’s consumption for tungsten raw materials reduced and supply continued to be tight, and thus prices in different ends of industry chain showed different movements. 

Chinese rare earth price is unchanged compared with last week on deadlocked supply and demand and thin market trading. The effects of costs, inventories, environmental protection inspections and demand act together so make the market caught in wait-and-see atmosphere. The listing prices of large rare earth enterprises would be the focus of the market earlier this week.

Opening this week, Chinese molybdenum price remains weak adjustment. The tightening availability of raw materials in mines supports high offers of sellers while the poor performance of steel biddings reduces trading volumes. Downstream purchasers maintain low buying interest and ferromolybdenum smelters have not enough strength to maintain high market price. Prices in downstream chemical and alloy market are weak as well. On the whole, the recent molybdenum market will be in a stalemate.