Chinese molybdenum price continues its downward trend as bad trading atmosphere released by stainless steel market affects the whole market. Purchasers remain low buying appetite and seek for a lower buying price.

Analysis of latest tungsten market from ChinaTungsten Online

A listing companies in Guangdong, China released its new offer levels: black tungsten concentrate (WO3≥55%) was quoted at $14,923.1/t, down $230.8/t compared with the second half of December; scheelite concentrate (WO3≥55%) was quoted at $14,769.2/t, down $230.8/t; ammonium paratungstate (APT) was quoted at $267.7/mtu; down $5.2/mtu. 

Rare earth market quotation in China: domestic rare earth prices are stable but show signs of decline at the last trading week of 2018 as traders consider profit-taking with the continued weak demand in the market. Sellers and buyers in the rare earth market now have different attitudes toward market trend. Taking cost, supply, demand and funds into consideration, the market will continue to keep weak. 

China molybdenum prices continued to decline in the week to Thursday December 27. Steel mills delayed to call for bids for ferro molybdenum, resulting in low trading activity in ferro molybdenum and molybdenum concentrate markets. In addition, under the capital shortage at the end of the year, sellers raised the willingness of sales. Transaction prices of ferro molybdenum and molybdenum oxide dropped slightly. 

According to the Chinese Academy of Sciences plasma news, China's magnetically constrained nuclear fusion experimental device "artificial sun" has made a major breakthrough, laying an important technical foundation for the subsequent development and utilization of nuclear fusion clean energy.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment with the approaching of New Year's Day. On the one hand, weak demand and capital shortage drag prices down; on the other hand, many manufacturers stop production to undergo repair and thus their plans for purchasing are delayed. 

Rare earth market quotation in China: praseodymium neodymium metal price dropped slightly as praseodymium and neodymium manufacturers have strong willingness in sales due to weak demand and capital shortage. But cerium oxide and praseodymium oxide prices remained unchanged from the previous trading day.

Molybdenum market quotation in China: the latest prices of ferro molybdenum, molybdenum concentrate and molybdenum oxide declined sharply in the midweek December 26 due to poor performance in steel tenders. 

Saint-Gobain Abrasives, one of the world’s largest abrasives manufacturers, has introduced a new line of tungsten carbide burrs designed for surface removal on demanding production runs with fewer changeovers.

Analysis of latest tungsten market from ChinaTungsten Online

The Chinese tungsten market was slow on the last trading week of 2018, with prices down and trading activity limited. Affected by weak demand, capital shortage and sluggish manufacturing industry, the seller’s market is still weak and downstream purchasers still remain low trading activity.