Rare earth market quotation: rare earth price in China is unchanged from the previous trading day as the market trading is quiet and businesses are showing cautiousness. Buyers remain rigid demand while sellers are positive about the influence of environmental protection and market demand. Under the deadlocked supply and demand, short-term rare earth price will continue to maintain current trend.

Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten price remains tight balance on whole after a period of decline in the middle of January. Affected by the environmental protection policy and tight supply of mines, the operating rate of smelting factories is low and supply and demand is in a stalemate. With the approaching of Chinese Spring Chinese, buyers become active in stocking up, which is expected to send price rise.

In Chinese molybdenum market, raw material supply is still tight, operating rate of mines is hard to increase in the short term and some trading companies who have strong willingness in shipments basically finish their annual sell target. As a result, molybdenum concentrate goods are limited at present. Steel biddings performing poorly weakens ferro molybdenum enterprises’ confidence and thus buy orders decrease. 

Rare earth market quotation: the latest price of rare earth price in China remains stability as the supply and demand is in a stalemate. Sellers have good expectations for the purchasing and storage of State Reserve Bureau and the environmental protection policy after the Chinese holiday. ganzhou province is taking effective efforts to recover and manage the abandoned rare earth mines left over from history in order to fully carry on the Central Environmental Inspectorate Group’s correction works in environmental protection.