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. 

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Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have shown signs of stabilization recently, with the decrease in profits of manufacturers and good expectation for stocking up of downstream manufacturers. Also, the conservative quotes from institutions and large enterprises have also played a positive role in the stability of the tungsten market. 

Rare earth market quotation in China: praseodymium neodymium oxide price declines slightly compared with last trading day while neodymium oxide and lanthanum oxide prices are unchanged. 

Molybdenum market quotation in China: ferro molybdenum prices continue to decline while molybdenum powder and molybdenum bar prices remain unchanged because continued decline in prices of steel biddings weakens market confidence. 

Recently, a world-made and tungsten carbide propeller made of the world's first polar condensate tank with a capacity of 44,500 tons appeared in Nansha.

Give it a name first - "BORIS SOKOLOV". Then, the shipowner - the Greek company. Then, it should be put into operation, and invested in a project known as “a pearl of energy embedded in the Arctic Circle”. Specifically, the vessel, designed according to the Russian Ice Society's highest ice zone level, Arc7 icebreaking capacity, will primarily serve the Yamal LNG project, the world's largest LNG project in the Arctic Circle in Russia. The project is the first full-industry chain cooperation project between China and Russia in the Arctic Circle, and is also an important fulcrum of the "Ice Silk Road".

Analysis of latest tungsten market from Chinatungsten Online

In the Chinese tungsten market, the first guide prices for 2019 from institutions and large tungsten enterprises dropped slightly, but are in line with current market trend, supporting raw material market. Short-term tungsten prices are expected to hover around the new offer levels before the demand side becomes active.

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal edge lower compared with last trading day as insiders are caught in wait-and-see atmosphere. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, ammonium molybdate, ammonium heptamolvbdate and molybdenum oxide decline slightly as large molybdenum miners lowered their offer levels. It was reported that the 50-55% molybdenum concentrate of Yichun Luming Minng is quoted at 1600-1630 yuan/ton. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten forecast prices from institutions and offer levels from large tungsten enterprises were released one after another, declining slightly compared with the second half of December, 2018, but is in line with the current market trend.