The latest price of europium oxide, praseodymium oxide and praseodymium neodymium oxide is unchanged from the previous trading day amid lackluster demand and quiet policy side. The Chinese rare earth market is slow this week, with prices stability and trading activity limited. market participants wait and see the newest policy for purchasing and storage.

Chinese molybdenum prices maintain stability on Thursday August 9, with the end of steel tenders and more risks by high prices. Manufacturers decline their offer levels to foreign buyers, although supply tightness of raw materials and production costs give strong supports. Production has not yet recovered completely as most mines are shut down to undergo repair. And muted demand drags upstream market down.

Analysis of latest tungsten market from ChinaTungsten Online

The new round of guide prices were released by large tungsten enterprises earlier in this week, further pressing down Chinese tungsten prices. Considering weakness in terminal demand and thin trading, insiders are generally negative about the outlook. 

Analysis of latest tungsten market from ChinaTungsten Online

Large tungsten enterprises’ guide prices were released, which decline as expected. Affected by that, market confidence was weakened, buyers remained weak buying interests and sellers considered profit-taking to move materials.

Rare earth market quotation in China: europium oxide price maintains stability from last week while praseodymium neodymium metal price declines slightly. Quiet trading activity in Chinese market has pressed down rare earth prices, with a prospect of further falls if policy side remains quiet and terminal demand is weak. Although sellers have strong rised mentality, limited funds of companies lower offer levels. 

Prices of molybdenum powder and molybdenum bar go up compared with last trading day while molybdenum concentrate price remains unchanged. At present, Chinese molybdenum prices hover at a relatively high level and traders can make more profits though sales. 

In 2017, the production of tungsten concentrates is stable, the output of smelting and processing products increase, export trade continues to grow, market demand is gradually recovering, the contradiction between supply and demand continues to improve, the market price rises, economic benefits obviously improve, and the industry continues to be stable and steady.

2017: the price of tungsten has gone up after nearly 3 years of low price. The price of tungsten concentrate and APT and other raw materials had been adjusted slightly in June. The tungsten concentrate rose rapidly in September, the average monthly price was 113 thousand and 700yuan/ton, 68.20% rose from the same period, 13.93% and more than 100 thousand yuan/ton, which was the high of April 2014. After a brief correction in October, it began to pick up steadily after November, and now it is close to 113 thousand yuan/ton again. However, from the overall evaluation, the price of tungsten concentrate has not yet recovered to a reasonable level of cost of mining, some of the tungsten mining enterprises are still losing money, and the economic benefits of the industry have not been fundamentally improved, the factors that influence the market uncertainty still exist.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices keep stable earlier in this week, but are expected to decline as insiders are negative about the guide prices from institutions and large tungsten enterprises. Companies remain low buying interest after profit margin reduced. At present, the whole market is caught in heavy wait-and-see atmosphere. 

Rare earth price maintains stability in Chinese market on continuous deadlocked supply and demand and unclear policy news. Manufacturers have strong willing to sale products while downstream demand maintains weakness. On the whole, the market trading is thin, replying on rigid demand.