Analysis of latest tungsten market from Chinatungsten Online: Tungsten prices have gradually stabilized last week. Although the market is showing signs of worry, enterprises’ confidence has nearly recovered and shipments return to rational actions. Whether the market can return to the normal orbit needs to be concerned, but the whole market tends to be stable at present.

Rare earth permanent magnet plate rebounds in the Chinese rare earth market, with stable rare earth price. Jiangxi province has issued a notice on further strengthening the production and operation management of rare earth. Therefore, domestic six large rare earth enterprises decided to carry on unified price setting.

The latest price of molybdenum concentrate, ammonium tetramolybdate and molybdenum oxide is stable. In the last week of September, domestic molybdenum market continues to be stalemated, market demand is weaker than expectation and raw material market tends to lower transaction price. 

Analysis of latest tungsten market from Chinatungsten Online: At present, market participants in the tungsten market wait and see instead of taking actions. In September, used to be a peak season, shows instability, the willing of purchase declines in addition to raw materials. 

Rare earth price in China remain stable, with quite market. The Ministry of Industry and Information Technology and Ministry of Land and Resources work together to conduct on-site verifications and reorganize illegal activities in the rare earth industry, which is expected to bring good news to the market. 

Molybdenum market in China tends to rise in the afternoon market as the production capacity of molybdenum mine is markedly increasing and demand shows good signs. The latest price of molybdenum concentrate and ammonium tetramolybdate is unchanged from the previous trading day and ferro molybdenum price edges lower.