The China molybdenum market fell in trading this week, with suppliers cutting their offer prices in the face of stubborn resistance among consumers against paying more. Besides, steel mills trying to forcing prices down also weakened market confidence. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment in the week began on Monday January 14 on soft demand in the market. Although the recent stabilization of raw material market, seasonal and cycle demand raise buying appetite of downstream customers, prices are pressed down. Raw material manufacturers’ profits also decrease. 

The latest prices of terbium oxide, praseodymium neodymium oxide and praseodymium neodymium metal drop slightly from the last trading day in the Chinese are earth market. Enterprises are not active in stocking up at the end of the year, so some traders lower their offer levels to ease pressure of funds and sales. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate edge lower compared with last trading day. With the consumption of low-price resources and influence of environmental protection, raw material manufacturers have little pressure of stocks, but molybdenum concentrate prices are still hard to rise. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices hovered around the guide prices of institutions and large tungsten enterprises last week ended at Friday January 11. Some factories became active in stocking up and raw material market had strong sentiment of stabilization, but terminal demand continued to be weak. So transaction prices were in the downward trend. 

Rare earth market quotation in China: domestic rare earth price remained stable early in this week, affected by the decline in listing prices of large rare earth enterprises. Although Chinese environmental protection policy benefits the supply and demand sides, weak demand is hard to rise product prices. Some enterprises even face capital shortage before Spring Festival, so market trading continues to be thin. This week, the supply and demand will continue the deadlocked situation. 

The latest prices of ferro molybdenum, molybdenum concentrate and molybdenum oxide dropped slightly in the week began on Monday January 14 in the Chinese market. The downturn in steel tender weakened ferro molybdenum market confidence. Although molybdenum ore prices declining eased pressure faced by manufacturers, thin market trading still dragged transaction prices down. This week, traders would continue to wait for further price down and molybdenum market is expected to remain weak. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten powder and tungsten carbide powder prices decline slightly on low trading activity in the market. Purchasers wait for further falls in prices and thus they are not active in replenishment. Sellers are reluctant to sell products at low prices as profits are squeezed. China tungsten market is in a stalemate.

Rare earth market quotation in China: rare earth prices remain weak adjustment in the week to Friday January 11, affected by lowered new listing prices of Southern Rare Earth and Northern Rare Earth. As buyers and sellers have different psychological prices for products, market trading seems sluggish. In January, rare earth prices are expected to remain weak. 

China molybdenum prices are in the downward trend in the week to Friday January 11 as large mines drop their new offer levels and prices of steel biddings are under pressure. With the approaching of Chinese New Year, market trend remains unclear, and thus market participants take a watchful stance.