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. 

Analysis of latest tungsten market from Chinatungsten Online: Affected by the environmental protection policy and different performances in supply and demand, different varieties in the industry chain show divergent price trends amid tungsten concentrate price declines slightly, APT price keeps firm and tungsten powder price maintains stability.

Chinese rare earth price maintains stability at present. The listing prices of Southern Rare Earth are unchanged compared with last week, which cannot form an effective guidance to the market. The supply side with little pressure of selling is waiting for the new guide from the policy and news, so the buying interest is not high. Given that, Chinese rare earth market would mainly focus on rigid demand.