Tungsten market in China maintained stability last week. The supply of raw materials is still tight, strongly supporting the tungsten price. But due to the limited downstream orders, the price is relatively slow to follow up.

Tungsten market quotation: the latest price of tungsten concentrate, ammonium paratungstate and tungsten carbide powder continues to rise. Opening this week, tungsten market in China goes back to the upward tendency. Tight supply of tungsten concentrate is still the supporting factor, and the market prospect is optimistic.

Rare earth price continues to be strong. Sinolink Securities reports that prices of praseodymium neodymium oxide, terbium oxide and dysprosium oxide in the last week were respectively 510,000 (+95,000), 4,150,000 (+0) and 1,550,000 (+210,000) RMB/ton.

Rare earth price in China continues to rise. Insiders attribute this growth of rare earth price to the "political supply shortage". On the one hand, the cracking down on speculation and profiteering is tighter, and the illegal exploitation of raw material unable to flow into the market.