The floor level of transaction prices in the molybdenum concentrate market has become lowered in recent days. 40% molybdenum concentrate was concluded at RMB 1,620-1,650/t in the market while a small amount of deals at RMB 1,690/t in mines. Mines quote at RMB 1,690/t, but has not any transactions. Though downstream enterprises have lowered its expectation price apparently, traders would not replenish at that time. High-price transactions are hardly to be making this week.

Rare earth market quotation in China: domestic rare earth price poorly performs in the short term amid the latest price of terbium oxide, europium oxide and praseodymium neodymium metal falls sharply, because the mentality of traders is greatly affected by the decline in listing prices of most enterprises. At the same time, the current market trend is expected to continue in the short term.

Analysis of latest tungsten market from Chinatungsten Online: Traders become active in trading due to weak demand of smelting factories, but production capacity of raw materials has not been recovered yet. Therefore, domestic tungsten price shows signs of decline.

Molybdenum market quotation in China: the latest price of molybdenum powder declined slightly while molybdenum bar and ferro molybdenum maintained stability. The price movements are mainly owing to poor performance in terminal market.