Since the start of second quarter, EU tungsten prices have declined, but slower than China tungsten prices as deteriorating US-Sino trade relations. Weak demand and oversupply put the burden on the global market.

Analysis of latest tungsten market from Chinatungsten Online

Prices for ammonium paratungstate (APT) and tungsten concentrate in China fell to two-year lows in the week ended on Friday July 12, 2019, with softer-than-expected demand ahead of the upcoming summer lull and ample supply weighing on both markets.

Rare earth market in China is in a weak adjustment on the whole with low trading activity. For light rare earth elements, prices are weak and some sellers start to sell at low prices. Supported by high costs, the space of reduce is limited. Prices of medium and heavy rare earth elements keep stable on tight supply of mines. Most market participants have good expectations for the outlook, but considering the off season, more enterprise purchase according to actual production needs. 

Molybdenum market quotation in China: ammonium molybdate and ammonium heptamolvbdate prices decline slightly while molybdenum price is unchanged from last week. In the molybdenum concentrate market, owing to continued heavy rains, mining becomes more and more difficult and the production of molybdenum concentrate is limited. Downstream buyers are active in inquiry, so sellers have good sentiment. 

Analysis of latest tungsten market from Chinatungsten Online

Due to the sluggish global economic recovery and the negative impact of China-US trade friction, demand for tungsten has weakened and prices have been forced down. The overall revenue of the industry has declined in China, according to a statement released by the China Tungsten Association (CTIA).

Chinese rare earth prices were in the downward trend in the week began on Monday July 8, 2019 on deadlocked supply and demand and weak market confidence. Prices of light rare earth elements declined slightly on oversupply of sport resources and weak demand; medium and heavy rare earth elements market stabilized under the support of environmental protection inspection and tightening availability of raw materials. In the off season, trading volumes are limited and prices tend to decline.

Chinese molybdenum prices maintained stability in the week ended on Friday July 12, 2019 on active steel tenders and eased pressure of melting factories but cautious sentiment of traders. 

Analysis of latest tungsten market from Chinatungsten Online

The decline in Chinese tungsten prices has slowed down, but there is still controversy about when the price to enter the stage of rebound. Buyers and sellers have different views towards the outlook, and the whole tungsten market is weak. 

Rare earth market quotation in China: the latest prices of dysprosium oxide, neodymium oxide and praseodymium neodymium oxide edged lower in July. In the light rare earth markets, prices of cerium oxide and cerium related products decreased greatly, mainly because of the imbalance between supply and demand caused by the large amount of spot resources and the lack of back-end consumption.

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum oxide and ferro molybdenum are unchanged from the previous trading day on quiet market trading. In the raw material markets, molybdenum miners have reduced the production capacity of molybdenum ore due to the recent difficulty in mining, and the supply of raw materials is tight, which has prompted most holders to maintain their sale prices.