Analysis of latest tungsten market from Chinatungsten Online: Opening this week, domestic tungsten price continues to maintain weak adjustment. Bearish atmosphere covers the whole market, and downstream market follows up upstream market slowly. Though miners face little pressure of supply, buyers and sellers have different expectations for price. Therefore, the deadlocked situation presses market trading.

Domestic molybdenum price has been maintained weak adjustment recently due to tight supply of raw materials and the weakness in demand. For molybdenum concentrate market, the poor performance in steel biddings cools purchasing enthusiasm of downstream enterprises, so market trading is thin and price is weak.

Rare earth market quotation in China: domestic rare earth price continues to maintain stability due to the quiet market trading. At present, sellers’ quotation for their products is unchanged, waiting for new round of policy news. While downstream factories reply on rigid demand, with imbalance between supply and demand. Enterprises now in the rare earth market mainly focus on the new guide from listing prices of large companies.

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