Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China maintained stability with the influence of deadlocked supply and demand in the market. Supported by the cost side, low-price raw materials were rarely concluded, plus with weak demand for products, and China-US trade and economic disputes, the low trading activity of downstream will not increase in the short term despite of declining tungsten product prices. Therefore, most insiders remain cautious sentiment at present. 

Rare earth market quotation in China: the medium and heavy rare earth prices continued the upward trend. From the 15th, Yunnan Tengchong and the Myanmar border customs began to seal off, completely banned the import of rare earth mines into China, and the specific recovery time has not yet been clarified. 

China molybdenum prices continue the stability as the market is benefiting from environmental protection inspection reduction production and the stability in prices and quantity of steel tenders. However, limited terminal demand, unstable external trading environment and slowed cash flow, declined international molybdenum prices also have negative impact for the market. On the whole, the raw material side would continue to keep firm but with weak demand side. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment as the supply, demand and news sides were quiet in early week. The whole market now is in a stalemate, and downstream buyers try to force prices down owing to low trading activity of terminal market.

Rare earth market quotation in China: domestic rare earth prices continue to rise in the market. The price of praseodymium neodymium oxide fell from 320,000 yuan/ton to 270,000 yuan/ton at the end of April, a decline of 16%, according to the report from Chinese securities. 

The latest prices of molybdenum concentrate, molybdenum disulfide and molybdenum oxide remained unchanged in the Chinese molybdenum market. Due to the good expectations for the supply and cost sides in the tungsten concentrate market, downstream inquiry becomes active and transactions increase accordingly. 

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the tungsten powder and tungsten carbide powder prices declined slightly due to continued weakness in the demand side and no clear guidance from the fundamental. 

Rare earth market quotation in China: the latest prices of DyFe, terbium oxide and dysprosium oxide climb slightly while lanthanum oxide price remains unstable. The rise is mainly due to the tight supply expectations of the market after the limited import of Myanmar mines, coupled with the tough efforts of domestic environmental inspections.

China molybdenum prices maintain stability on the whole due to low enthusiasm of steel biddings and the influence of recent Sino-US tariff issues. Market trading confidence has faded, but under the support of high prices of molybdenum concentrates, smelting manufacturers have rised mentality and stabilize their offer levels. This week, most insiders would wait for the release of new guide prices, environmental protection inspection and Sino-US trading relationship. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate and tungsten powder prices in China remained weak adjustment in the week ended on Friday May 10, affected by the decline in new guide prices from tungsten associations and large companies.