Analysis of latest tungsten market from Chinatungsten Online: Last week, Chinese major production areas have polarized on mainstream tungsten product prices, mainly affected by smelting factories stopping or limiting production under the central environmental actions. As a result, APT market’s consumption for tungsten raw materials reduced and supply continued to be tight, and thus prices in different ends of industry chain showed different movements. 

Chinese rare earth price is unchanged compared with last week on deadlocked supply and demand and thin market trading. The effects of costs, inventories, environmental protection inspections and demand act together so make the market caught in wait-and-see atmosphere. The listing prices of large rare earth enterprises would be the focus of the market earlier this week.

Opening this week, Chinese molybdenum price remains weak adjustment. The tightening availability of raw materials in mines supports high offers of sellers while the poor performance of steel biddings reduces trading volumes. Downstream purchasers maintain low buying interest and ferromolybdenum smelters have not enough strength to maintain high market price. Prices in downstream chemical and alloy market are weak as well. On the whole, the recent molybdenum market will be in a stalemate.

Analysis of latest tungsten market from Chinatungsten Online: Tungsten prices in China show different trends because the operating rate of smelting factories in mainstream producing areas is low, affected by the environmental protection inspections. The poor circulation of raw tungsten minerals increases tungsten ore supply, plus profit-taking mentality of sellers, the whole tungsten ore price drops slightly. Scheelite concentrate price comes back to $17,741.9/t.

Rare earth market quotation in China: domestic rare earth price has been remained unchanged recently amid market demand is weak, trading volumes are thin and trading atmosphere is in the dark. 

Chinese molybdenum price remains weak adjustment on the whole this week on deadlocked supply and demand, intertwined positive and negative factors and thin trading volumes. The latest price of sodium molybdate, molybdenum powder and molybdenum oxide stabilizes.

Tungsten Mining builds up its tungsten and molybdenum war chest to achieve the mineralization in a project called Mt Mulgine in Western Australia.

Analysis of latest tungsten market from Chinatungsten Online: In Jiangxi province, smelting factories have been completely shut down in some regions under the stricter environmental protection inspections and the day for restarting works is uncertain. Given that, it still needs time to resume the supply of APT. Offers for APT are high at $326.3-328.1/mtu. Some transactions even are concluded at $328.1/mtu.

Rare earth market quotation in China: domestic rare earth price is stable on the whole amid the price of neodymium oxide, cerium oxide and terbium oxide is unchanged from the previous trading day because the market lacks guidance at present. The policy side is quiet, listing prices of large rare earth enterprises stabilize and imbalanced supply and demand is continuing. On the whole, rare earth price is likely to rise in the short term.

Production costs and steel biddings work together to press Chinese molybdenum price and difference shows. In the molybdenum concentrate market, the available resources are tight, offering support for traders’ optimistic outlook for afternoon market and then market quotations are raised.