Steel biddings will soon come into the off season. Affected by that, traders are cautious on high-price transactions, which stabilizes ferro molybdenum price and reduces manufacturers’ willingness in purchasing high-price raw materials.

Rare earth market quotation in China: domestic rare earth price maintains stability on the whole amid the latest price of terbium oxide and dysprosium oxide rises slightly and cerium oxide price is unchanged from the previous trading day.

Analysis of latest tungsten market in China from Chinatungsten Online: Domestic tungsten price continues its stable trend with improved transactions mainly on rigid demand. With the increase of sales willingness of traders, the wait-and-see atmosphere becomes heavier in the buyer’s market. The whole market now is maintaining low enthusiasm in trading, limited the price rise.

Ammonium molybdate enterprises raised quotation yesterday amid the first grade ammonium molybdate was quoted at RMB 11,500-11,600/t. Most buyers now are cautious on high-price products. After the rise of molybdenum concentrate price, some enterprises start to purchase in a small amount of quantity, but high-price products are seldom concluded.