Affected by good performance of China’s molybdenum market, price besides China keeps rising, which further stimulates export of molybdenum products in China. Spot goods are tight in domestic market while demand is increasing. The unbalance pulls molybdenum raw material price up and strong rised mentality of sellers.

Rare earth market quotation in China: domestic rare earth price rose slightly on the whole last week while the market news was quiet. So the mentality of buyers and sellers tends to be cautious and sellers are waiting for the favorable policy. As downstream factories have adequate stocks, they are now cautious on purchasing. On the whole, the whole rare earth price will maintain stability in the short term and market participants would mainly focus on the new listing prices.

Analysis of latest tungsten market in China from Chinatungsten Online: Quotations from tungsten concentrate and APT manufacturers show signs of rise despite market trading has not improved. The new round of guide prices for early March will soon be released and considering the general good expectation, the actual transaction prices are in an upward trend.

Downstream enterprises of molybdenum chemical and molybdenum products accept the high raw material prices for the time being. Some deep processing enterprises even offer RMB 1,790.00/t for soluble molybdenum oxide, but sellers are reluctant to sell, waiting for the new guide prices from large mines in the Northeast.