The latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal decline slightly on Wednesday. Pressed by funds and demand, traders are will to sell products, which make insiders uncertain for market expectations. Purchasers now have strong wait-and-see mood. In the short term, rare earth price will be adjusted limitedly on the tightening availability of raw materials.

Molybdenum prices in China have stabilized at a relatively high level as the market gradually returns to rationality waiting for steel tenders and environmental protection’s influences on operating rate. 

Analysis of latest tungsten market from ChinaTungsten Online

With the stricter environmental protection and high production costs, customers are reluctant to purchase and thus trading volumes are thin. The whole market confidence is weak. Most insiders wait and see for the market outlook. Chinese tungsten market now is in a stalemate.

Rare earth market quotation in China: domestic rare earth price continues to remain weak adjustment on Tuesday. Weak demand presses the supply side that benefits from environmental checks while policy for purchasing and storage remains uncertain. The upstream market does not have enough strength to keep firm offer levels. Downstream factories also are cautious. On the whole, rare earth price will be weak at the end of this month. 

Chinese molybdenum prices continue to maintain stability compared with Monday as transactions at high prices are slow, prices and quantity of steel tenders need to be confirmed and insiders have a strong wait-and-see attitude. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment in the week to Friday October 26. The new tungsten forecast prices released in last Monday were unchanged, and fewer new increased orders in downstream factories also weakened market confidence. Although costs supported the stabilization in tungsten raw material prices, trading prices moved lower. 

Rare earth market quotation in China: the latest prices of praseodymium oxide, europium oxide and praseodymium neodymium oxide are unchanged from last week on continued weak buying interests. The deadlocked supply and demand is hard to be eased while the policy side remains quiet. Market participants wait and see the next move in November. 

Opening this week, Chinese molybdenum prices continue to be stable. The tight supply of raw materials raises molybdenum concentrate sellers’ rised mentality. Large steel tenders of steel mills at the end of this month also tighten market supply, but inquiry increases and ferro molybdenum manufacturers are positive about the outlook. Offers for molybdenum chemical products keep firm, supported by costs and supply. However, traders become cautious to purchase high-price molybdenum raw materials. 

Analysis of latest tungsten market from ChinaTungsten Online

Both the tungsten raw material and ammonium paratungstate markets continue to be cautious about the trading amid concerns of supply disruptions due to continued environmental inspections in China.

The latest prices of terbium oxide, praseodymium oxide, lanthanum oxide and praseodymium neodymium metal decline slightly in the week to Friday October 26. Due to thin trading volumes, buyers forcing prices down and lowered listing prices of large enterprises, benefits from environmental inspection and cost have been weakened.