Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices in Chinese market have been maintained stability since September on weak buying interests. The cost for environmental protection and low product prices cutting profits raised sellers’ rised mentality in the tungsten concentrate market. Low-price products reduced while the demand remained weak.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment in the week to Friday September 14, with a prospect of stability. Tungsten ore market keep steady and market participants are reluctant to sell products. 

The latest prices of cerium oxide, lanthanum oxide and praseodymium neodymium metal are unchanged in the week to Friday September 14. Large enterprises remain low enthusiasm in trading, policy for purchasing and storage is quiet, which make market prices at fluctuations dilemma. At present, rare earth market is caught in heavy wait-and-see atmosphere. 

The latest prices of molybdenum powder, molybdenum oxide and ammonium tetramolybdate remain unchanged despite Chinese market shows signs of recovery. The supply of raw materials in the spot market keeps tight while terminal demand is weak. Thin trading volumes seem to press molybdenum product prices down. But the whole market prices tend to stabilize. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten market is in a stalemate, with rare new increased orders. The weakness in demand makes insiders feel doubt about market outlook. With the approaching of Mid-Autumn Festival, tungsten prices will tend to stabilize. 

The latest prices of lanthanum oxide, neodymium oxide and Dy-Fe alloy is unchanged from the previous trading day on unclear outlook for listing prices of large enterprises, Chinese environmental checks and trade environment. Buyers and sellers are in a stalemate and traders appear unwilling to trade in a weakening market. Rare earth price trends remain unknown in the short term. 

The latest prices of molybdenum oxide, molybdenum bar and molybdenum powder keep stable on Thursday September 13. Low-price products in the raw material market are tight. Some sellers drop their offer levels to move materials despite market demand remain weak. However, environmental protection policy still supports the market and prices will not be adjusted greatly in the short term. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain stable compared with last trading day due to deadlocked supply and demand. Tungsten ore sellers seem unwilling to sale in the market, affected by the environmental checks. Low-price spot goods reduce as a result of continuous decline in tungsten prices. 

China rare earth price remains steady in the week to Wednesday September 12. In the listing prices of Southern Rare Earth, dysprosium and terbium related product prices edged higher. Northern Rare Earth’s listing prices for oxide products maintained stability. Sellers with plenty of stocks have strong rised mentality while customers are not will to purchase. As a result, insiders mainly wait and see. 

Chinese molybdenum prices show signs of decline. ammonium molybdate price stabilizes at RMB 138,000.00/ton, ammonium heptamolvbdate price drops from RMB 139,000.00/ton to RMB 138,000.00/ton and molybdenum powder price declines to RMB 265.00/kg from RMB 267.00/kg.