The latest price of molybdenum concentrate, ammonium molybdate and molybdenum bar is unchanged from previous session. The supply and demand refuse to budge, the difference between buyers and sellers is obvious and the volatility of steel market affects ferromolybdenum’s demand. With the tight supply of molybdenum concentrate, Chinese molybdenum prices are stable and the market remains wait-and-see state.

Price of molybdenum products on Aug. 25, 2017

Tungsten market in China continues to remain firm this week. At the beginning of this week, long-term price of large tungsten enterprises surge and market confidence returns, thus supporting tungsten goods quotation. 

Tungsten Concentrate Cost Composition in Micro Aspects

Tungsten is advantageous resource in China. Tungsten reserve in China accounts for 70%, which ranks the first place in the world. According to yearly average data, tungsten exploration and supply amount account for 80% of total global output. 

With the shortage of raw material supply, the divergence between tungsten mine and smelter has narrowed gradually. Market participants tend to insist on a conservative selling way, waiting for higher price.

The latest price of tungsten concentrate, ammonium paratungstate and tungsten powder continues to be strong. Tight supply, positive guide price of large enterprise and a better demand provide the market with rising kinetic energy, leading shippers actively offer quotation.

Recently, growth of rare earth price in China is limited, and the trend of price callback of dysprosium series is obvious. The day before, Association of China Rare Earth Industry recommended National Development and Reform Commission and National Reserve Bureau to postpone the purchase and release some rare earth reserves.

Opening this week, tungsten market in China remains firm. Demand has not recovered, and some traders are still cautious. Supported by supply crunches and positive guidance of large tungsten enterprises, traders are bullish on the market. Tungsten price in China increased substantially.

Rare earth quotation in China is a little confusing. Willingness of supporting the price gets eased slightly. Rare earth price is still easy to rise and difficult to fall.

Tungsten concentrate market quotation: the latest price of tungsten concentrate, ammonium paratungstate and tungsten carbide powder rises collectively. Limited production caused by environmental protection and tight supply of tungsten concentrate still strongly support Chinese tungsten market.

Rare earth industry in China gradually revealed a trend of rational adjustment, and quotations vary widely. The early surge of prices caused by speculation led to the concern of the Ministry of Industry and Information Technology and industry associations.