Rare earth market quotation in China: domestic rare earth price was weak last week and some suppliers cutting profits for more shipments weakened mentality of market participants, but good expectation for production costs and policy side offered support for the market. Rare earth price is expected to maintain weak adjustment this week with thin market trading.

Analysis of latest tungsten market from Chinatungsten Online: In the tungsten concentrate market, downstream manufacturers mainly wait and see high-price raw materials, without high enthusiasm in stocking up. Most mines restart working in the late March, plus traders raise shipment willingness due to tight capital, spot goods in the market increase, which stresses raw material side. Tungsten concentrate price becomes weak in consequence.

Ferro molybdenum price dropped last week, affected by poor performance of steel mills. At the same time, ferromolybdenum manufacturers transferred the pressure to raw material market, resulting the decline in transaction prices of molybdenum concentrate. Affected by that, trading for molybdenum powder reduced and thus domestic molybdenum market was weak on the whole.

Rare earth market quotation in China: domestic rare earth price has been maintained stability in recent days, with heavy wait-and-see atmosphere in trading and cautious mentality of traders. Downstream factories mainly purchase on rigid demand as they remain good mentality towards late policy side. Prices in the praseodymium and neodymium market show signs of decline.