Chinese molybdenum price remains unchanged opening this week as a subsequence of different mentalities of downstream and upstream of the industry chain and lower international molybdenum price weakening market confidence. Trading volumes are still hard to be increased and steel biddings are the focus of the market.

According to the major media coverage, an international flight with our own R & D bio aviation kerosene has landed steadily in Chicago, us. What attracts people's attention is that the bio aviation coal that it has added is raw material, which is commonly used as waste oil.

The golden egret special alloy is a key member of the Xiamen tungsten industry Limited by Share Ltd of the state-owned listed company. It has a complete tungsten industry chain. It is the largest tungsten powder, tungsten carbide powder supplier and exporter in the world. It is also a manufacturer of high quality hard alloy and its precision cutting tools.

Analysis of latest tungsten market from Chinatungsten Online: Although spot goods in the tungsten concentrate market now are available, sellers keep firm offers, stalemated with downstream purchasers. Transactions of high-price tungsten concentrates increase in these two days, slowing down the pace of rise. Raw material price shows no signs of rise at present.

Rare earth market quotation in China: domestic rare earth price maintains weak adjustment this week amid the price of dysprosium oxide, DyFe and praseodymium neodymium metal stabilizes. The imbalance between supply and demand is continuing and listing prices of large rare earth enterprises edge lower, weakening market confidence. The current market trend will not be changed in the short term.

Molybdenum price in China maintains stability this week, intertwining with favorable and bad factors. Affected by the stricter environmental protection inspection, production capacity of mines reduces and the operating rate of downstream factories also is influenced greatly. Besides, the prices of steel biddings and international molybdenum price fall, weakening market confidence. Under the deadlocked supply and demand, trading volumes would not increase and molybdenum price may drop.

Analysis of latest tungsten market from Chinatungsten Online: Although APT supply is tight affected by environmental checks and terminal market has not strong rised mentality, tungsten concentrate price comes back to $17,741.9/t, APT price reaches 320.8/mtu and tungsten powder price also rises to $44.4/kg. The anxiety in the industry is raised because product prices are high but trading volumes are rare.

Rare earth market quotation in China: domestic rare earth price continues to maintain weak adjustment amid the price of PR ND oxide, europium oxide and praseodymium oxide is unchanged from the previous trading day. The oversupply now is eased, plus with the lower listing prices of Southern Rare Earth, negative atmosphere covers the market and some enterprises even reduce offers for more shipments. Rare earth price in China will keep stable this week.

Although transactions of high-price molybdenum concentrate are rare and international molybdenum price falls sharply, Chinese sellers keep stable quotations. Downstream purchasers decide to hold back purchasing because of cost overhang and poor performance in international market. Considering the tightening availability of molybdenum concentrate and some low-price transactions, the raw material market will be in a stalemate in the short term.

For Vietnam’s automobile industry, it is very important to increase the localization ratio and reduce production costs. And as the largest output of mines in the country, could tungsten mines be the springboard for the auto industry?