Tungsten market in China presently is still under the influence of fundamentals, and tungsten price has also risen to a certain height. Without the guidance of positive news, businesses recently take a cautious approach to avoid risks. Quotations mainly are on slow rise.

Price of tungsten products in China this week continues to rise. The growth of raw materials price slowed down, waiting for a new round of long-term negotiated price offered by large-scale tungsten enterprises to show the way.

Some rare earth varieties price continues to rise, the policy rectification action has begun. It is reported that, the National Rare Earth Office Has issued documents to the six major rare earth groups, directing against the soaring prices since June.

Rare earth permanent magnet plate this week rose 4.07%. The industry believes that The country's strict "anti" action will continue to improve the long-term situation of oversupply in rare earth market.