Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market starts to become active, supported by tight supply of raw materials. The rise of raw materials prices revives market enquiry and traders readjusts their mentality. But downstream customers have not yet accepted the current price, market trading still is poor. The stalemate in buyers and sellers is continuing.

Rare earth market quotation: Chinese rare earth price remains weak adjustment amid the price of cerium oxide, europium oxide and neodymium oxide declines slightly. The market is caught in heavy wait-and-see atmosphere as the purchasing and storage of State Reserves Bureau has not yet started. Sellers are reluctant to sell their products at low prices while downstream enterprises purchase according to actual demand. New orders are less and buyer and sellers refuse to budge, so the current market trend may continue in the short term.

Molybdenum market quotation: The latest price of molybdenum concentrate, molybdenum oxide, and ferro molybdenum is unchanged from the previous trading day. Chinese molybdenum market continues to maintain stability with good momentum amid supply in the mines side is tight enough to support the high price of raw materials.

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, quotation in mines rises slightly, boosting market confidence. Sellers start to be reluctant to sell and goods in the spot market become less. While buyers in the downstream market purchase just what the quantity they need, market trading atmosphere in general, wait for the time being.

Rare earth market quotation: Chinese rare earth price maintained stability last week as there had no substantial news of purchasing and storage coming of the government and the guidance prices from large enterprisers disappointed market participants. The rare earth market was caught in heavy wait-and-see atmosphere, buyers and sellers were refuse to budge and trading was still less. This week, if there have no clear guidance in the market, rare earth price may remain weak adjustment under the weak demand.

Molybdenum market quotation: The latest price of molybdenum concentrate, molybdenum oxide and ferro molybdenum rises slightly this week. Raw materials of molybdenum continue to remain tight supply while the demand in the downstream market shows no good signs. Meanwhile, steel biddings release favorable news, boosting market confidence. Quotation from manufacturers edges higher and the demand is expected to follow the market closely.

Tungsten products price continued to maintain stability last week, and may stabilize or rise slightly this week.

Rare earth market quotation: Chinese rare earth price remained stable last week with the coming of purchasing and storage.

Molybdenum market quotation: the latest price of molybdenum concentrate, ammonium tetramolybdate, and ferro molybdenum prices is unchanged from the previous trading day.

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