Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the week to Wednesday November 7. The new tungsten average prices released on Monday indicate a conservative attitude of large enterprises and institutions and thus supply and demand are still in a stalemate in the market. 

Rare earth market quotation in China: the latest prices of cerium oxide, lanthanum oxide and dysprosium oxide continue to maintain stability on high pressure from the demand side. Currently, rare earth market has been boosted by the one-month special inspection and rectification. But deadlocked supply and demand are in a stalemate and market trading is thin. Traders have different expectations for the market outlook. Traders lower product prices in some regions and thus the whole transaction prices edge lower. 

China molybdenum prices continue the stabilization on Thursday November 8 on quiet moves in Chinese environmental protection and steel biddings. Traders hold different attitude towards market trend. Some keep firm mentality under tight supply while others worry high price risks and order stress. At present, market inquiry decreases and molybdenum prices are adjusted rationally. 

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its fist offer for APT in November at $178.2/mtu, unchanged from the second half of October.

Rare earth market quotation in China: domestic rare earth price is unchanged from the previous trading day. In November, the one-month special inspection and rectification in the rare earth industry brought some confidence to the market, coupled with cots support, traders lower their willingness in reducing product prices and the prices of rare earth products were stable. Due to downstream factories entering the market slowly, actual transactions need to be followed. 

Under Chinese environmental protection, the supply in the raw material market continues to be tight, but high product prices raise customers’ wait-and-see mentality. 

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten prices keep stable compared with last week. Average tungsten prices from Ganzhou Tungsten Associations and forecast prices for earlier November from large enterprises will soon be released and thus the whole market is caught in wait-and-see atmosphere. 

The latest prices of praseodymium oxide, neodymium oxide and praseodymium neodymium metal maintain stability in Chinese market. MIIT’s rearrangement for rare earth industry boosts market confidence and sellers raised their rised mentality, but the demand side is still weak. Considering uncertain policy for purchasing and storage and high stocks, buyers and sellers in the market mainly wait and see. 

Chinese molybdenum prices maintain stability in the week to Tuesday November 6. Market sentiment tends to rationality when favorable factors of environmental protection and steel biddings come to an end. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment in the week to Friday November 2. The environmental protection becomes stricter reducing production of raw materials and limiting customers’ consumption. Bad trading atmosphere pressed down mainstream tungsten prices. Before the clear new tungsten guide prices, sale and purchase will be in a stalemate.