Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and powder prices maintain stability on heavy wait-and-see atmosphere in the Chinese market. Most raw material manufacturers start to stop production to undergo repair and are reluctant to sell at low prices. The market outlook remains unclear for both sellers and buyers, so tungsten market will keep weak with limited trading volumes.

Rare earth market quotation in China: domestic rare earth price continues to keep stable compared with last trading day on quiet fundamental, weak demand and poor performance in stocking up at the end of the year. Although environmental protection inspection reducing production benefits the market, market participants remain low trading interests. In the short term, raw earth price will stabilize on the whole. 

Molybdenum market quotation in China: prices of ferro molybdenum, sodium molybdate and ammonium molybdate declined sharply on Thursday January 7 while molybdenum powder and molybdenum oxide prices remained stable. 

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Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China are unchanged from the previous trading day due to persistently weak downstream demand which has pressured the market since late last year. 

Rare earth market quotation in China: the latest prices of europium oxide, lanthanum oxide and praseodymium neodymium oxide are unchanged from the previous trading day as bas trading atmosphere presses market participants. At the end of 2018, buyers and sellers both take a watchful stance and have different psychological prices. Due to the environmental protection inspection and stocking up of downstream, the market outlook remains unclear.

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.