According to foreign media reports, trade in China's tungsten market has been quiet in the past week, with prices falling and trading activities limited. It is understood that the European market assessed the price of tungsten concentrate on April 4 at US$17,419-17,577 per ton, down by US$1,000 from the previous week.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment in the week ended at Friday April 26 as declined new offer levels of listed tungsten companies weakened market confidence. With the support of the cost side, the price adjustment is limited. And under deadlocked supply and demand, and thin trading, market participants remained unclear views for the outlook. 

Rare earth market quotation in China: rare earth price remains stable early in this week as the market is caught in wait-and-see atmosphere with the approaching of May Day. On the one hand, the import of Myanmar rare earth mines was banned and the impact on the price would be revealed in May; on the other hand, stricter environmental protection inspection is easing the deadlocked relationship between supply and demand. 

Opening this week, molybdenum prices in the Chinese market showed stabilization as good performance in steel tenders boosted market confidence to some extent. With the approaching of Labour Day, the pressure of price inversion in the ferro molybdenum market eased slightly, plus with stabilized molybdenum ore prices, downstream product prices `kept steady. However, terminal demand keeps quiet and the market would be caught in wait-and-see atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is caught in heavy wait-and-see atmosphere on quiet fundamental news and thin market trading. Most buyers have not the willingness in stocking up while upstream suppliers also are reluctant to sell their products at low prices. Therefore, the upstream and downstream is in a stalemate. 

Rare earth market quotation in China: domestic rare earth prices showed different trends in the week began on Monday April 26. As the deadlocked relationship in the light rare earth markets are hard to be eased in the short term, prices of praseodymium and neodymium products have been remained at a relatively low level. Under environmental protection policy reducing production in mines, traders are optimistic about the outlook and thus heavy rare earth prices are in the upward trend. 

China molybdenum prices remained stable in the week ended on Friday April 26. Affected by the delay in the release of tenders from steel mills, traders became less active in trading, and smelting factories faced pressure from downstream weakness demand and high costs of raw materials. But the increase in mainstream steel bidding prices boosted market confidence. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continued to remain unchanged from last week. On the one hand, the decline in new offer levels from listed tungsten companies weakens market confidence; on the other hand, affected by weak terminal demand, market trading atmosphere is quiet. 

Rare earth market quotation in China: domestic rare earth prices continue to show different trends. Prices of terbium oxide and other heavy rare earth products climb slightly benefiting from the expectation of tight supply. But some market participants expressed that Myanmar's rare earth import ban is short-lived, and the market's continued marketability still rely on overall performance of supply and demand in the market. Praseodymium neodymium oxide and other light rare earth products prices edge lower as the market remains low trading activity.  

Molybdenum prices in China start to show signs of differences. For molybdenum concentrate market, prices tend to stabilize but market trading seems hard to increase on the weakness in the terminal side. Steel mills are cautious to the biddings, which increase smelting factories’ reliance on molybdenum ore costs. Ferro molybdenum prices are in a stalemate. On the whole, the market is caught in wait-and-see atmosphere.