Chinese molybdenum price remains weak adjustment on the whole this week on deadlocked supply and demand, intertwined positive and negative factors and thin trading volumes. The latest price of sodium molybdate, molybdenum powder and molybdenum oxide stabilizes.

Analysis of latest tungsten market from Chinatungsten Online: In Jiangxi province, smelting factories have been completely shut down in some regions under the stricter environmental protection inspections and the day for restarting works is uncertain. Given that, it still needs time to resume the supply of APT. Offers for APT are high at $326.3-328.1/mtu. Some transactions even are concluded at $328.1/mtu.

Tungsten Mining builds up its tungsten and molybdenum war chest to achieve the mineralization in a project called Mt Mulgine in Western Australia.

Rare earth market quotation in China: domestic rare earth price is stable on the whole amid the price of neodymium oxide, cerium oxide and terbium oxide is unchanged from the previous trading day because the market lacks guidance at present. The policy side is quiet, listing prices of large rare earth enterprises stabilize and imbalanced supply and demand is continuing. On the whole, rare earth price is likely to rise in the short term.