Opening this week, Chinese molybdenum prices are still in the downward trend on different attitudes towards the outlook and low trading activity. On the one hand, insiders resist to high prices and purchasers demand lower prices; on the other hand, the supply is tight under environmental protection, but downstream enterprises remain low buying interests. 

Rare earth market quotation in China: domestic rare earth prices were stable in the week to Friday November 16 on unchanged listing prices of large enterprises, deadlocked supply and demand, and unclear policy direction. At present, market participants stabilize their offer levels and are cautious on trading. Terminal demand needs to be followed up closely. 

Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices in China remain weak adjustment in the week to Friday November 16 on continued weakness in demand and low trading activity of traders. 

Chinese molybdenum prices were in the downward trend in the week to Friday November 16, with limited decline supported by the supply and cost sides. The tightening availability of spot resources stabilized seller sentiment, but affected by low buying interests in the terminal market, miners were more will to sell. Ferro molybdenum manufacturers and molybdenum chemical and product enterprises mainly maintained wait-and-see mood.