Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment on continued deadlocked supply and demand in the market. The raw material side stabilizes their offer levels with fewer low-price resources; downstream buyers are not active in inquiry with low consumption; smelting factories are under pressure, some of them even reduce production to stabilize product prices.

Rare earth market quotation in China: domestic rare earth prices continued to show different trends in the week ended on Friday April 19. Under the pressure of thin market trading and excess supply, praseodymium and neodymium traders remained low buying appetite and prices hovered above the cost level. For dysprosium and terbium products, the worry for Myanmar mine imports increased market trading and traders have good expectation for the outlook. 

China molybdenum prices were in a stalemate in the week began on Monday April 15. Large mines raised their offer levels, boosting market confidence, so molybdenum concentrate prices kept firm amid continuous prompt tightness. Affected by the good performance in the downstream, ferro molybdenum manufacturers with good sentiment tried to increase offers.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remain stable as both buyers and sellers are unclear for the outlook and market trading continues to be thin. But supported by high costs of tungsten ores, market participant mainly take a watchful stance with different psychological prices for products.

Rare earth market quotation in China: the latest prices of cerium oxide, europium oxide and neodymium oxide are unchanged from the previous trading day on Thursday April 18. 

In the Chinese molybdenum market, molybdenum ore prices keep firm with the support of tight supply and increased offer levels of large companies. Ferro molybdenum market is affected by steel mills forcing prices down, so trading activity becomes lower, but manufacturers still are reluctant to decrease their sale prices, some of them even raise pricing in some region, boosted by the cost.

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Analysis of latest tungsten market from Chinatungsten Online

The tungsten concentrate and ammonium paratungstate (APT) prices in China were unchanged in a quiet market, while tungsten powder price followed the stability on the weakness in the terminal side. 

Rare earth market quotation in China: the latest prices of praseodymium oxide and praseodymium neodymium metal rises slightly while DyFe and dysprosium oxide prices edge lower. For medium and heavy rare earth products, due to tight supply of raw materials, market participants have good expectations for the market and prices are in the upward trend. For light rare earth products, downstream buyers have not high demand, plus with relatively adequate inventory, prices tend to decline.