Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices in China remain weak adjustment in the week to Friday November 16 on continued weakness in demand and low trading activity of traders. 

Rare earth market quotation in China: domestic rare earth prices were stable in the week to Friday November 16 on unchanged listing prices of large enterprises, deadlocked supply and demand, and unclear policy direction. At present, market participants stabilize their offer levels and are cautious on trading. Terminal demand needs to be followed up closely. 

Chinese molybdenum prices were in the downward trend in the week to Friday November 16, with limited decline supported by the supply and cost sides. The tightening availability of spot resources stabilized seller sentiment, but affected by low buying interests in the terminal market, miners were more will to sell. Ferro molybdenum manufacturers and molybdenum chemical and product enterprises mainly maintained wait-and-see mood. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment on thin trading volumes, pressure of funds and bad market sentiment. In the short term, businesses wait for the next move in tungsten average prices released by large enterprises and terminal demand. 

Rare earth market quotation in China: domestic rare earth price continues its stability on deadlocked supply and demand in the market. On the one hand, the supply of molybdenum ores is limited; on the other hand, the demand side shows no signs of recovery and sellers face pressure on sales. 

Chinese molybdenum prices are in the downward trend, with strong support from raw material market but continued weak demand in the terminal market. Early-stage risks that prices are high have not yet released completely. Purchases in steel tenders become more cautious, enterprises affected by environmental protection orient their works to the needs of the market, and enquiry also reduces.

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices remain weak adjustment owing to the weakness in both demand and funds sides, reduced production in downstream factories and low spot activity. 

Rare earth market quotation in China: the latest prices of neodymium oxide, cerium oxide and praseodymium neodymium metal maintain stability from last trading day on heavy wait-and-see atmosphere in the market. Due to Chinese environmental protection inspection, the operating rate declines. Sellers pressed by production costs are reluctant to lower product prices while customers remain low buying interests. In the short term, rare earth market will continue its stability. 

The latest prices of ferro molybdenum, molybdenum concentrate and molybdenum oxide decline slightly compared with last trading day, affected by poor performance in steel biddings and weaker sentiment in raw material side. 

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, China tungsten prices continue to maintain stability on deadlocked supply and demand in the market. Sellers now focus on environmental protection inspection’s influences on cost and supply of raw materials. While buyers are waiting for moves in the demand side.