Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, domestic tungsten price shows stability, with optimistic mentality in the raw material market. Downstream factories become active in inquiry, but still maintaining low purchasing enthusiasm. On the whole, market trading atmosphere is quiet and traders mainly focus on the quotation from large enterprises.

Molybdenum concentrate price keeps firm in the Chinese molybdenum market. Raw material market becomes active and some of mines have received enquiries, but it is hard to reach a consensus on the price. 50% molybdenum concentrate was quoted at RMB 1,600-1,650/t and 40-45% molybdenum concentrate was quoted at RMB 1,550-1,560/t.

Rare earth market quotation in China: domestic rare earth price is stable at present owing to the quiet news in the market opening this week. Sellers are reluctant to sell, waiting for the latest movements from policy side while downstream enterprises still remains low enthusiasm on purchase. The whole market stock is relatively adequate. The rare earth price is expected to maintain stability this week.

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Because Chinese lunar new year, we had a holiday for some days. Now we are starting work. We need large quantity supply for the copper zinc lead and nickel ores in the new year. The detailed requirements as follows：