Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China have been maintained stability since March due to continued deadlocked supply and demand. With the end of Two Sessions, the operating rate of mines increases, but the weakness in the demand side weakens market confidence. The whole market prices are expected to keep stable. 

Rare earth market quotation in China: domestic rare earth price continued to show different trend in the week to Friday March 22. For dysprosium and terbium market, sellers were reluctant to sell their products at low prices and kept raising their offer levels owing to the tight supply. But for praseodymium and neodymium products, purchasers remained weak buying appetite and market transactions were hardly concluded. The market was in a stalemate. 

China molybdenum prices rose slightly in the week to Friday March 22. For the molybdenum concentrate market, the supply of molybdenum ores remained tight, raising sellers’ rised mentality. But with the influence of decline in prices of steel tenders and international molybdenum prices, market participants entered the market with care. In the short term, market supply is expected to increase as more and more factories start to production again. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrates tightness and a new round of inspections in China’s Jiangxi province lent support to the raw material markets in China. But considering the weakness in the demand side, tungsten market is caught in wait-and-see atmosphere. 

Rare earth market quotation in China: dysprosium oxide price rises slightly while europium oxide and praseodymium neodymium metal remains stable. It was reported that the technology for heavy-earth mining is difficult to break through in the short term. In addition, the environmental protection inspection is stricter. So dysprosium oxide manufacturers have strong rised mentality and prices tend to rise. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, molybdenum concentrate and molybdenum oxide edge higher compared with last trading day. Molybdenum concentrate and chemical product markets are supported by the supply and cost sides, and thus sellers are reluctant to sell. Ferro molybdenum market is under pressure as steel tenders are quiet. In the short term, the market trends to stabilize. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in China keep stable under high prices and tight supply in the raw material market but weak demand in the terminal side. Most traders take a watchful stance as the market outlook remains unclear after the end of China’s Two Sessions. 

Rare earth market quotation in China: prices of terbium oxide and dysprosium oxide rise slightly while neodymium oxide price remains unchanged from the previous trading day. Affected by environmental protection inspection and reduced imported raw materials, dysprosium and terbium manufacturers have strong rised mentality. It was reported that the total amount of first batch of mining in 2019 decline by 18 percent, which eases the pressure of tight supply. In the short term, the move in the demand side is the focus of the market. 

China molybdenum prices continue to be unchanged under different expectations for price trend, cautious sentiment of buyers and sellers and costs supporting product prices. For molybdenum concentrate market, sellers still are reluctant to sell and inquiry is active due to the availability of spot goods; ferro molybdenum market is caught in wait-and-see atmosphere on unclear demand of the terminal market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market continues its stability in the week began on Monday March 18, with rare transactions concluded and limited new increased orders. Due to the supply of raw materials keep tight, sellers are reluctant to sell at low prices and sales face great pressure.