Molybdenum concentrate has been concluded a large number of transactions for three consecutive weeks since March and downstream enterprises have certain stocks at hand. Most ferro molybdenum manufacturers postpone their plans for purchasing high-price raw materials when prices show decline in some regions. This week, quantity of steel biddings is expected to decline and new orders for molybdenum concentrate will not increase. Thus molybdenum market in China will be quiet.

Analysis of latest tungsten market from Chinatungsten Online: Last week, domestic tungsten price was weak without strength to rise. Tungsten ore traders diminished rised mentality, plus certain profits in stocks at the hands, profit-taking action in the market increased significantly. With the increased supply of tungsten raw materials, terminal demand also was released, but marker pric had not enough strength to rise. Therefore, the price of tungsten concentrate and APT mainly hovered at a relatively level.

Rare earth market quotation in China: domestic rare earth price maintained weak adjustment amid the price of terbium oxide, neodymium oxide and praseodymium neodymium oxide declined slightly, as downstream manufacturers mainly waited and saw to high-price raw materials. Though good expectation for new energy boosting rare earth permanent magnet, spot prices showed a slight rebound. With different mentalities of buyers and sellers, rare earth market has a strong wait-and-see atmosphere.

Most ferro molybdenum traders mainly waited and saw to reduce the trading as the new round of steel biddings was finished, coupled with the readjustment of international molybdenum price, ferro molybdenum market in China is expected to be in a stalemate this week.

Analysis of latest tungsten market from Chinatungsten Online: The overall tungsten price in China keeps stable this week. Enquiries and purchases in buyer’s market decrease, weakening the good growth momentum in the tungsten raw material market. Businesses with strong rised mentality have not kept strong confidence, so market trading is thin at present.

Rare earth market quotation in China: domestic rare earth price performed steadily and rare earth permanent magnet grew strongly. The development of new energy has a good momentum and industry insiders are optimistic about the demand for the permanent magnet industry in the future. However, the recent news has been quiet, market fundamentals are difficult to improve, so the price of rare earth is inhibited. The overall performance of the market is temporarily stable with slight adjustment in some regions.

The tight supply of molybdenum raw material will continue until the end of the month. Given that, Chinatungsten Online believes that miners would not reduce their quotation forwardly, so molybdenum price will mainly stabilize in the short term. Certainly, enterprises that face capital pressure may increase shipment by cutting profits.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price is stable on the whole with fewer high-price transactions and weak demand in terminal market. Manufacturers in the raw material market become active in selling, but buyers tend to force price down. Therefore, market trading is in a bad atmosphere.

Rare earth market quotation in China: domestic rare earth price lowered slightly amid the latest price of neodymium oxide and praseodymium neodymium oxide dropped and europium oxide price remained unchanged. The decline is due to weak demand in terminal market, cautious mentality in downstream purchasing and quiet policy side. Oversupply is the main feature in the market and short-term rare earth price is expected to maintain weak adjustment.

Steel biddings will soon come into the off season. Affected by that, traders are cautious on high-price transactions, which stabilizes ferro molybdenum price and reduces manufacturers’ willingness in purchasing high-price raw materials.