Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment on continued weak demand side and sentiment of seeking for lower prices. The decline in new offer levels of listed tungsten companies shows it is may not the time for the market to bottom out. 

Rare earth prices in China continue on an upward trend in the midweek Thursday June 20, 2019. More businesses return to rationality after a sharp rise in medium and heavy rare earth elements. Chinese environmental protection and the ban in Myanmar mines imports reduce the supply, plus with good demand of downstream, insiders now give a bullish outlook for the market. 

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum concentrate and molybdenum oxide maintain stability in the midweek on Thursday June 20. The consumption in the terminal side is slow, indicating a cautious sentiment in the market. The raw material spot market keeps low trading activity while steel mills also take a watchful stance for ferro molybdenum bids. The market now is stable with little deal concluded. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices continued the downward trend as the decline in new guide prices of large tungsten companies weakened market confidence. Under the weak demand, capital shortage and reduced exports, product prices are still hard to rebound in the short term. 

Rare earth market quotation in China: terbium oxide price climbs slightly while prices of cerium oxide and praseodymium oxide remain unchanged in the midweek. There is good prospect for the supply and demand of medium and heavy rare earth elements. light rare earth elements market is troubled by oversupply but benefits the policy side, so market participants have rised mentality. At the beginning of the week, the latest rare earth listing prices of Southern Rare Earth maintained strong, which further stimulated market confidence. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day in the midweek. Sales of molybdenum concentrate have decreased slightly recently and steel tenders for ferro molybdenum are not active then before, and thus market sentiment is affected to some extent. 

Analyzing on the tungsten concentrate output status by the supply side and demand side, although tungsten concentrate output will keep stable in a short-term, while there are challenges and risks exist.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, China tungsten prices were unchanged from last week affected by declined new guide prices from large tungsten companies and deadlocked supply and demand in the market. Now the product prices come close to the cost level and the demand side still remains weak. Most traders have not high enthusiasm in trading, seeking for low-price resources. Given that, insiders may continue to take a watchful stance this week. 

Tungsten concentrate output maintained a stable operation last year. The output of tungsten smelting and processing products kept growing. Especially the output of tungsten cemented carbide continued to maintain a double-digit growth trend. The steady supply of tungsten concentrate output in the market will continue. As tungsten concentrate market demand is high.

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal continue the upward trend thanks to active trading atmosphere in the market.