Molybdenum News Center

Rare Earth Metals and Molybdenum Concentrate Market Analysis (Jan 25 – 29, 2016)

China domestic rare earth metals market is still sluggish. According to statistics, this week cobalt quoted was 203000-210000 RMB / ton which has small increase, and the average price of cobalt is 205,666 RMB / ton, comparing with last week the price fell 0.48%. Magnesium ingot quoted has slight increase and at 29^th the price remained 12200-12800 RMB / ton. It is reported the price increase relate to production limit; Antimony ingot price is 34000-35000 RMB / ton, almost flat.

This week on the occasion of domestic electrolytic cobalt near the Spring Festival, trading less, the amount of cobalt metal market transactions are small. Downstream manufacturers stocking lack of willingness of the year, domestic prices steady electrolytic cobalt based.

China Spring Festival is coming, so this week China domestic electrolytic cobalt trading is less, and the amount of cobalt metal market transactions are small. Downstream manufacturers stocking lack of willingness at end of the year, China domestic electrolytic cobalt prices is steady.

Antimony ingot prices were steady this week. Part of raw materials companies began to repair and maintain and the other part of the mixed ownership enterprises expected after overhaul. Recently, raw materials market is more reluctant to sell, so the price of raw materials has slight increase. Besides, downstream market more wait and see, or antimony ingot price will slightly upward influenced by cost factors.

Across the country many magnesium manufacturers offer is slightly increase. Magnesium ingot offer increase primarily based on the impact of raw materials factors, coal supply pressure and ferrosilicon prices increase. Magnesium industry is facing downward pressure on long-term, enterprises operating rate only five or six percent. But at the end of year the stock is low, so many industry analyses the price of magnesium will increase steady and it is a good time for business inventories.

Molybdenum concentrate market is still lackluster which influenced by limiting the demand, so molybdenum concentrate offer is steady.

Influenced by the combined effects of downstream demand and foreign markets demand this week, it is expected that rare earth metals will continue to run smoothly and steady, but do not rule out the possibility of a slight concussion.

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