Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten market still is caught in wait-and-see atmosphere, with stalemated supply and demand. The price movements in different industry chains are different, as well as mentality of buyers and sellers. At present, low-price products are rare, high-price products are hardly to be sold, so market offers range slightly. 

Chinese rare earth price maintains stability on the whole amid the price of praseodymium, neodymium and gadolinium related products shows signs of rise.

Chinese molybdenum market is in line for some consolidation amid the latest price of molybdenum powder, molybdenum oxide and ammonium heptamolybdate is unchanged from the previous trading day. Market trading performs poorly and traders are waiting for the new round of steel biddings.

Analysis of latest tungsten market from Chinatungsten Online: Although China’s tungsten price hit nearly three-year high at present, the whole trading volumes are limited, affected by many uncertain factors for smelting factories in major tungsten production area Jiangxi after restarting production. The market now is caught in wait-and-see atmosphere.

Opening this week, the latest price of europium oxide, dysprosium oxide and praseodymium neodymium metal maintains stability despite Chinese rare earth price shows signs of rise because the recent sluggish prices encourage customers to enter the market for trading.

Insiders hold different views toward Chinese molybdenum market: stabilization or decline, according to research from ChinaTungsten Online.

Analysis of latest tungsten market from Chinatungsten Online: Price tendency in upstream and downstream industry chain shows great difference owing to the environmental protection inspections in China amid tungsten concentrate price declines while APT climbs. Traders remain low buying interest and most insiders wait and see the latest market movements. Offers in the market will be changed slightly.

Rare earth market quotation in China: the latest price of terbium oxide, lanthanum oxide and praseodymium neodymium metal maintains stability this week. 

Molybdenum raw material supply and terminal demand refuse to budge, traders hold different views toward on the afternoon market, coupled with prices of steel biddings fail to meet market expectations and cost overhang of ferro molybdenum manufacturers, molybdenum price in China maintains stability this week.

Analysis of latest tungsten market from Chinatungsten Online: Affected by the stricter environmental protection inspections, many manufacturers in China’s major tungsten production regions stop production to undergo repair and thus market supply of tungsten related products are short. While the demand side does not follow up closely, it is hard for both purchase and selling. Smelting factories have not yet decided when they will start production.