Prices of molybdenum powder and molybdenum bar go up compared with last trading day while molybdenum concentrate price remains unchanged. At present, Chinese molybdenum prices hover at a relatively high level and traders can make more profits though sales. 

In 2017, the production of tungsten concentrates is stable, the output of smelting and processing products increase, export trade continues to grow, market demand is gradually recovering, the contradiction between supply and demand continues to improve, the market price rises, economic benefits obviously improve, and the industry continues to be stable and steady.

2017: the price of tungsten has gone up after nearly 3 years of low price. The price of tungsten concentrate and APT and other raw materials had been adjusted slightly in June. The tungsten concentrate rose rapidly in September, the average monthly price was 113 thousand and 700yuan/ton, 68.20% rose from the same period, 13.93% and more than 100 thousand yuan/ton, which was the high of April 2014. After a brief correction in October, it began to pick up steadily after November, and now it is close to 113 thousand yuan/ton again. However, from the overall evaluation, the price of tungsten concentrate has not yet recovered to a reasonable level of cost of mining, some of the tungsten mining enterprises are still losing money, and the economic benefits of the industry have not been fundamentally improved, the factors that influence the market uncertainty still exist.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices keep stable earlier in this week, but are expected to decline as insiders are negative about the guide prices from institutions and large tungsten enterprises. Companies remain low buying interest after profit margin reduced. At present, the whole market is caught in heavy wait-and-see atmosphere. 

Rare earth price maintains stability in Chinese market on continuous deadlocked supply and demand and unclear policy news. Manufacturers have strong willing to sale products while downstream demand maintains weakness. On the whole, the market trading is thin, replying on rigid demand. 

The latest price of ammonium molybdate, ammonium heptamolvbdate and molybdenum powder climbs slightly in Chinese molybdenum market. The supply in raw material market remains tight under environmental checks while market demand follows up slowly. Operating rate of factories is limited in the off season and downstream companies’ profits reduce due to rising raw material prices.

On the evening of the 3rd, Customs Tariff Commission of the State Council of People’s the Republic of China issued a notice to decide to impose tariffs on some imported goods (second batch) originating in the United States. On July 11, 2018, the US government issued 10% increase on imports of about US$200 billion from China. In response to the above measures by the US, China was forced to take countermeasures. According to the "PRC Foreign Trade Law", "PRC Import and Export Tariff Regulations" and other laws and regulations of international law, the State Council Customs Tariff Commission decided to impose tariffs on 5,207 tax items imported from the United States. The measure involves an import trade volume of approximately US$60 billion from the United States.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices maintained weak adjustment last week as muted demand weakened advantages brought from environmental protection policy. Smelting factories resumed work following the end of inspections, but purchasers still were reluctant to come back to the market and thus deals were hardly concluded. 

Rare earth market quotation in China: domestic rare earth price remains weak adjustment earlier in this week, affected by Sino-US trade friction and quiet policy news of the industry. Downstream enterprises have not high interests in stocking up at present. The environmental checks reduce downstream factories’ operating rate when it benefits raw material market to some extent. In the short term, Chinese rare earth prices will continue this trend. 

Opening this week, prices of ammonium molybdate, ammonium heptamolvbdate and molybdenum bar keep rising in Chinese market. After a round of price hike in previous stage, enterprises make large profits and with the end of steel biddings, traders are willing to sell their products. But considering low buying interests of customers, Chinese molybdenum prices are expected to stabilize.