Opening this week, China molybdenum prices continue to remain weak adjustment. Steel market is in the off season at the end of this year, which presses ferro molybdenum market. In addition, capital shortage strengths traders’ profit-taking willingness. Therefore, market transaction prices drop to the level of production costs. 

According to Korean news reports, a research team of photoelectric materials at the Korean Academy of Science and Technology (KIST) has combined tungsten oxide nanofilms with one-dimensional zinc oxide nanowires to develop next-generation photodiode devices that can sense ultraviolet to near-infrared radiation. The devices have a dual-core structure of nanowire semiconductors.

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continue to maintain stability in the week to Friday December 13 as the supply and demand is in a stalemate. Affected by the environmental protection inspection and factories stopping production to undergo repair, profits in the raw material market are squeezed and manufacturers have strong willingness to stabilize their offer levels. 

Chinese rare earth prices continued the stability in the week to Friday December 14. The sentiment of buyers and sellers is different and manufacturers also face different pressure from funds face with different offer levels. 

The prices of molybdenum powder, ammonium molybdate and ammonium heptamolvbdate dropped slightly in the week to Friday December 14 due to continued weakness in steel tenders and pressure of demand and funds. Enterprises have maintained cautious attitude toward the market and cut their profits for more sales recently.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the midweek as terminal demand still limits the price rebound. Downstream factories’ ability for consuming raw material decreases and thus market trading is thin. In the short term, prices of mainstream tungsten products will continue the downward trend.

The latest prices of neodymium oxide, praseodymium oxide and praseodymium neodymium oxide maintain stability in the Chinese market when the tight supply raised enterprises’ rised mentality. But considering the continued weakness in terminal side, actual transaction prices are hard to rise. Besides, policy for storage and purchasing remains quite and supply and demand is in a stalemate. In the short term, rare earth price will mainly stabilize. 

Chinese molybdenum prices continued the weakness, affected by thin trading in the ferromolybdenum market. Molybdenum concentrate manufacturers have strong rised mentality as many factories stop production to undergo repair in winter, but actual transaction prices seem to be edged lower. The whole market now is caught in wait-and-see atmosphere. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continued to be in the downward trend due to low trading activity both in sellers and buyers. Purchasers are not strong in stocking up and seek for low-price resources, resulting in thin trading volumes. With the approaching of New Year's Day, insiders raise the wait-and-see sentiment. 

Rare earth market quotation in China: domestic rare earth price maintains stability in the midweek due to capital pressure at the end of this year. Traders are still worried and only adjust offer levels slightly. The supply side remains tight. on the one hand, mines in Myanmar are banned importing into China; on the other hand, Chinese environmental protection is continuing, but news of purchasing and storage is quiet.