Molybdenum price in China rises slightly due to the continuous tight raw materials and increased quantity of steel biddings. Traders show good mentality, but remain cautious in stocking up, which presses market price.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, domestic tungsten price is in a stalemate and market trading is not improved. Affected by the environmental protection policy, smelting factories are not active in restarting work and tungsten raw material supply becomes tight. While terminal demand still remains weakness, and large tungsten enterprises’ quotations for the second half of April stabilize, so insiders are mainly waiting for the next move in the market.

Rare earth market quotation in China: the supply and demand is in a stalemate as raw material suppliers have negative mentality and traders remain low buying interest. Considering the support of production costs, sellers are reluctant to sell to stabilize product prices. Therefore, rare earth price is expected to maintain stability before the clear of market trend.

China’s molybdenum price shows stabilization on good mentality of businesses. On the one hand, the release of production capacity in mines is limited, plus the recovery of steel biddings accelerates consumption in sellers’ stocks, spot goods in the market are tight; on the other hand, the rise in international molybdenum price boosts Chinese market confidence, so traders are more reluctant to sell. Insiders now are waiting for the next move of the market, with deadlocked transactions.

Analysis of latest tungsten market from Chinatungsten Online: A large tungsten enterprise in Jiangxi province, China released its guide prices for April last Friday amid 65% wolframite concentrate price was $17,580.6/t, 65% scheelite concentrate price was $173,387.1/t, APT price was $308/mtu, unchanged from that of late March. The result shows that main large tungsten enterprises hold stable mentality on market outlook, which will further limit the rise or decline in tungsten price.

Rare earth market quotation in China: domestic rare earth price maintains weak adjustment on heavy wait-and-see atmosphere in the market and purchasing on rigid demand. Though sellers have strong rised mentality, the quiet policy and news weakens market confidence, plus the sufficient stocks and imbalanced supply and demand, businesses will remain low buying interest in the short term.

Steel mills purchase at least 7000 tons of ferro molybdenum in April. At the same time, some manufacturers export small quantity of the raw material due to sharp rise in price in European market. With the increasing trading volumes, offers of manufacturers will keep firm. Mainstream ferro molybdenum quotation is expected to return back to RMB 110,000/t.

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Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price shows signs of rise, boosted by the environmental protection policy and improved confidence in raw material market stabilizes offers. While poor performance in terminal demand raises worry, price rebound would be limited. In the short term, insiders mainly wait the guide from large tungsten enterprises.

Rare earth market quotation in China: domestic rare earth price maintains stability and traders mainly wait and see, remaining low buying interest, so market trading is thin. Now the news and policy side is quiet, which is hard to guide the market. The listing prices of Southern Rare Earth Group are stable this week.