Molybdenum prices in China rebound slightly, boosted by the increase in prices and quantity of steel tenders and rised mentality of miners that start to stop production. After a long period of low-price consumption, raw materials become tight and manufacturers intend to increase profits. The rise in ferro molybdenum prices also drive molybdenum concentrate price to rebound. For downstream chemical and product market, the need for raw material is weak, but with good sentiment. 

Analysis of latest tungsten market from Chinatungsten Online

Zhangyuan Tungsten released its new offer levels for the second half of January: black tungsten concentrate (WO3≥65%) was quoted at $14,615.4/t; scheelite concentrate (WO3≥65%) was quoted at $14,384.6/t; ammonium paratungstate (APT) was quoted at $260.8/mtu. 

Rare earth market quotation in China: the latest prices of europium oxide, terbium oxide and lanthanum oxide are unchanged from the previous trading day due to heavy wait-and-see atmosphere with the approaching of the Spring Festival and low trading activity. 

Chinese molybdenum prices started to rebound on Wednesday January 23 because the profit margin of ferromolybdenum plants was severely squeezed by steel mills. Besides, manufacturers have strong rised mentality and raised their offer levels. 

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Analysis of latest tungsten market from Chinatungsten Online

Opening this week, tungsten prices in China continued to maintain stability due to heavy wait-and-see atmosphere and low trading activity of market participants with the approaching of Spring Festival. 

Rare earth market quotation in China: domestic rare earth price maintains stability on quiet market trading. On the one hand, buyers and sellers have different psychological prices due to deadlocked supply and demand, stricter environmental protection and weak demand; on the other hand, more and more factories plan to stop production and traders remain low buying appetite. On the whole, rare earth price would stabilize in the short run. 

Chinese molybdenum prices show signs of rise in the week to Tuesday January 22. Steel mills raised their enthusiasm of replenishments when ferro molybdenum prices were forced down. So market trading increases and sellers are reluctant to sell at low prices. Some of them try to increase their offer levels. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained stable in the week ended on Friday January 18 as buyers and sellers were in a stalemate. Sellers were reluctant to sell their products at low prices while purchasers tried to forcing prices down. So market transactions were hardly concluded and prices hovered around tungsten price forecasts of tungsten associations.